secwatch.observer — SEC 8-K summary
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Issuer:     VNUE, Inc. (RDCT)
CIK:        0001376804
Form:       8-K
Filed at:   2021-09-29T23:59:59+00:00
Accession:  0001477932-21-006859
Event type: debt
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

VNUE restructures $857K convertible debt into non-convertible note, eliminates share overhang
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- Converted $492,528 principal + $364,629 interest into $857,157 8% note due Sept 30, 2022.
- Potential 857M share overhang from conversion eliminated; YLimit agreed to non-convertible terms.
- Convertible debt reduced from $1,956,922 to $635,714; derivative liability goes to $0.
- Principal increased by $107,000 as part of the restructuring with largest creditor YLimit.
- Transaction positions company for OTCQB uplisting, per CEO Zach Bair.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1376804/000147793221006859/0001477932-21-006859-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1376804/000147793221006859/vnue_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-21-006859

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer