secwatch.observer — SEC 8-K summary
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Issuer:     Birchtech Corp. (BCHT)
CIK:        0000728385
Form:       8-K
Filed at:   2022-11-02T23:59:59+00:00
Accession:  0001477932-22-008126
Event type: debt
Sentiment:  negative
Materiality: 0.75
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Midwest Energy Emissions extends $13.2M note maturity to 2025, increases profit share by $4.5M
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- Unsecured note maturity extended from Oct 31, 2022 to Aug 25, 2025; principal outstanding $13,154,931.
- Profit share increased by $4.5M to $17,654,931; payable from net litigation proceeds, revenue share, and equity offering proceeds.
- Secured note ($271,686) maturity also extended to Aug 25, 2025; interest rate reduced from 15% to 9% per annum.
- Company granted option to repurchase AC Midwest shares at $0.50/share until Aug 25, 2025 or until AC Midwest ownership falls below 5%.
- Prior Debt Repayment Agreement terminated after $12M equity offering condition unmet by June 30, 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/728385/000147793222008126/0001477932-22-008126-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/728385/000147793222008126/meec_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-22-008126

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