secwatch.observer — SEC 8-K summary
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Issuer:     MedWellAI, Inc. (MWAI)
CIK:        0001520118
Form:       8-K
Filed at:   2022-09-16T23:59:59+00:00
Accession:  0001477932-22-006998
Event type: other_material
Sentiment:  negative
Materiality: 0.85
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

INTV reduces warrant exercise price to $0.001 for 30M shares; imposes 90-day issuance ban.
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- Exercise price of two 15M-share warrants cut from $0.30 to $0.001, effective June 29 and August 30, 2022.
- Anti-dilution 'exploding feature' waived, preventing an increase in warrant shares despite price reduction.
- Company restricted from issuing any shares or equivalents for 90 days, with limited exempt issuances allowed.
- Warrants stem from March 2021 offering at $0.30 per unit; amendments executed September 13/15, 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1520118/000147793222006998/0001477932-22-006998-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1520118/000147793222006998/intv_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-22-006998

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