secwatch.observer — SEC 8-K summary
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Issuer:     MMEX Resources Corp (MMEX)
CIK:        0001440799
Form:       8-K
Filed at:   2021-12-23T23:59:59+00:00
Accession:  0001477932-21-009445
Event type: other_material
Sentiment:  neutral
Materiality: 0.80
Item codes: 1.01, 3.02, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MMEX Resources enters $1.5M securities purchase agreement for Series B preferred stock and warrants
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- Gross proceeds of $1.5 million from sale of 1,500 shares of Series B Convertible Preferred Stock at $1,000 stated value per share.
- Series B Preferred Stock convertible into 15,000,000 common shares at $0.10 per share, subject to full ratchet anti-dilution.
- Issued Series D warrants to purchase up to 15,000,000 common shares at $0.10, exercisable for five years.
- Reduced exercise price of existing Series A Warrants to $0.0001 and issued additional Series B/C warrants to the same investor.
- Net proceeds to be used for hydrogen and ultra-low sulfur fuel projects combined with CO2 capture, and working capital.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1440799/000147793221009445/0001477932-21-009445-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1440799/000147793221009445/mmex_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-21-009445

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