---
schema_version: "secwatch.filing_event.v1"
accession: "0001477932-23-007852"
form_type: "8-K"
ticker: null
cik: "0001892480"
company_name: "Hempacco Co., Inc."
filed_at: "2023-10-25T23:59:59+00:00"
generated_at: "2026-06-09T11:47:18.285673+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Hempacco raises ~$1M via convertible notes, warrants, and shares with two funds

## Summary
- FirstFire purchased $277,778 note, 120,370 warrants, 27,777 shares for $250,000 gross; net $220,000.
- Mast Hill purchased $835,000 note, 361,832 warrants, 83,497 shares for $751,500 gross; net $686,760.
- Notes bear 10% interest, mature in 12 months, convertible at $1.50/share; warrants at $1.50 for 5 years.
- Proceeds first for purchase order #213420187, then working capital; shareholder approval needed above 5.78M share cap.
- Registration statement for resale due within 90 days of closing, effective within 120 days.

## SEC filing metadata
- accession: 0001477932-23-007852
- form_type: 8-K
- cik: 0001892480
- company_name: Hempacco Co., Inc.
- filed_at: 2023-10-25T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1892480/000147793223007852/0001477932-23-007852-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1892480/000147793223007852/hpco_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001477932-23-007852
- JSON: https://secwatch.observer/filing/0001477932-23-007852.json
- Plain text: https://secwatch.observer/filing/0001477932-23-007852.txt

## Key facts
- Debt Financings
  Hempacco Co., Inc. incurred convertible notes of principal amount of $835,000 with Mast Hill Fund, L.P. at 10% per annum guaranteed interest maturing 12 months following the issue date.
  - Instrument: convertible notes
  - Principal: principal amount of $835,000
  - Counterparty: Mast Hill Fund, L.P.
  - Rate: 10% per annum guaranteed interest
  - Maturity: 12 months following the issue date
  - Event: incurrence
  source text: Effective October 20, 2023, the Company entered into a securities purchase agreement (the " Mast Hill SPA ," and together with the FirstFire SPA the " SPAs ") with Mast Hill Fund, L.P., a Delaware limited partnership (" Mast Hill "), pursuant to which the Company sold, and Mast Hill purchased, (i) a convertible promissory note in the principal amount of $835,000 (the " Mast Hill Note ," and together with the FirstFire Note the " Notes "), (ii) warrants to purchase 361,832 shares of Company common stock (the " Mast Hill Warrants ," and together with the FirstFire Warrants the " Warrants "), and (iii) 83,497 shares of Company common stock (the " Mast Hill Shares ," and together with the FirstFire Shares the " Shares "), for an aggregate purchase price of $751,500 (the " Mast Hill Transaction ," and together with the FirstFire Transaction the " Financing Transactions "), and the Company entered into a registration rights agreement with Mast Hill (the " Mast Hill RRA ," and together with t
  evidence_url: https://www.sec.gov/Archives/edgar/data/1892480/000147793223007852/0001477932-23-007852-index.htm
- Debt Financings
  Hempacco Co., Inc. incurred convertible notes of principal amount of $277,777.78 with FirstFire Global Opportunities Fund, LLC at 10% per annum guaranteed interest maturing 12 months following the issue date.
  - Instrument: convertible notes
  - Principal: principal amount of $277,777.78
  - Counterparty: FirstFire Global Opportunities Fund, LLC
  - Rate: 10% per annum guaranteed interest
  - Maturity: 12 months following the issue date
  - Event: incurrence
  source text: Effective October 19, 2023, Hempacco Co., Inc. (the " Company "), entered into a securities purchase agreement (the " FirstFire SPA ") with FirstFire Global Opportunities Fund, LLC, a Delaware limited liability company (" FirstFire "), pursuant to which the Company sold, and FirstFire purchased, (i) a convertible promissory note in the principal amount of $277,777.78 (the " FirstFire Note "), (ii) warrants to purchase 120,370 shares of Company common stock (the " FirstFire Warrants "), and (iii) 27,777 shares of Company common stock (the " FirstFire Shares "), for an aggregate purchase price of $250,000 (the " FirstFire Transaction "), and the Company also entered into a registration rights agreement with FirstFire (the " FirstFire RRA ").
  evidence_url: https://www.sec.gov/Archives/edgar/data/1892480/000147793223007852/0001477932-23-007852-index.htm
- Material Agreements
  Hempacco Co., Inc. entered into Mast Hill Securities Purchase Agreement with Mast Hill Fund, L.P. valued at aggregate purchase price of $751,500 for convertible promissory note principal amount $835,000, warr (effective 2023-10-20).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: Mast Hill Fund, L.P.
  - Value: aggregate purchase price of $751,500 for convertible promissory note principal amount $835,000, warr
  - Effective: 2023-10-20
  source text: Effective October 20, 2023, the Company entered into a securities purchase agreement (the “ Mast Hill SPA ,” and together with the FirstFire SPA the “ SPAs ”) with Mast Hill Fund, L.P., a Delaware limited partnership (“ Mast Hill ”), pursuant to which the Company sold, and Mast Hill purchased, (i) a convertible promissory note in the principal amount of $835,000 (the “ Mast Hill Note ,” and together with the FirstFire Note the “ Notes ”), (ii) warrants to purchase 361,832 shares of Company common stock (the “ Mast Hill Warrants ,” and together with the FirstFire Warrants the “ Warrants ”), and (iii) 83,497 shares of Company common stock (the “ Mast Hill Shares ,” and together with the FirstFire Shares the “ Shares ”), for an aggregate purchase price of $751,500 (the “ Mast Hill Transaction ,” and together with the FirstFire Transaction the “ Financing Transactions ”), and the Company entered into a registration rights agreement with Mast Hill (the “ Mast Hill RRA ,” and together with t
  evidence_url: https://www.sec.gov/Archives/edgar/data/1892480/000147793223007852/0001477932-23-007852-index.htm
- Material Agreements
  Hempacco Co., Inc. entered into FirstFire Convertible Promissory Note with FirstFire Global Opportunities Fund, LLC valued at principal amount of $277,777.78, matures 12 months, interest 10% per annum, convertible into common (effective 2023-10-19).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: FirstFire Global Opportunities Fund, LLC
  - Value: principal amount of $277,777.78, matures 12 months, interest 10% per annum, convertible into common
  - Effective: 2023-10-19
  source text: (the “ Company ”), entered into a securities purchase agreement (the “ FirstFire SPA ”) with FirstFire Global Opportunities Fund, LLC, a Delaware limited liability company (“ FirstFire ”), pursuant to which the Company sold, and FirstFire purchased, (i) a convertible promissory note in the principal amount of $277,777.78 (the “ FirstFire Note ”), (ii) warrants to purchase 120,370 shares of Company common stock (the “ FirstFire Warrants ”), and (iii) 27,777 shares of Company common stock (the “ FirstFire Shares ”), for an aggregate purchase price of $250,000 (the “ FirstFire Transaction ”), and the Company also entered into a registration rights agreement with FirstFire (the “ FirstFire RRA ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1892480/000147793223007852/0001477932-23-007852-index.htm
- Material Agreements
  Hempacco Co., Inc. entered into Mast Hill Convertible Promissory Note with Mast Hill Fund, L.P. valued at principal amount of $835,000, matures 12 months, interest 10% per annum, convertible into common sto (effective 2023-10-20).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Mast Hill Fund, L.P.
  - Value: principal amount of $835,000, matures 12 months, interest 10% per annum, convertible into common sto
  - Effective: 2023-10-20
  source text: Effective October 20, 2023, the Company entered into a securities purchase agreement (the “ Mast Hill SPA ,” and together with the FirstFire SPA the “ SPAs ”) with Mast Hill Fund, L.P., a Delaware limited partnership (“ Mast Hill ”), pursuant to which the Company sold, and Mast Hill purchased, (i) a convertible promissory note in the principal amount of $835,000 (the “ Mast Hill Note ,” and together with the FirstFire Note the “ Notes ”), (ii) warrants to purchase 361,832 shares of Company common stock (the “ Mast Hill Warrants ,” and together with the FirstFire Warrants the “ Warrants ”), and (iii) 83,497 shares of Company common stock (the “ Mast Hill Shares ,” and together with the FirstFire Shares the “ Shares ”), for an aggregate purchase price of $751,500 (the “ Mast Hill Transaction ,” and together with the FirstFire Transaction the “ Financing Transactions ”), and the Company ent
  evidence_url: https://www.sec.gov/Archives/edgar/data/1892480/000147793223007852/0001477932-23-007852-index.htm
- Material Agreements
  Hempacco Co., Inc. entered into FirstFire Securities Purchase Agreement with FirstFire Global Opportunities Fund, LLC valued at aggregate purchase price of $250,000 for convertible promissory note principal amount $277,777.78, w (effective 2023-10-19).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: FirstFire Global Opportunities Fund, LLC
  - Value: aggregate purchase price of $250,000 for convertible promissory note principal amount $277,777.78, w
  - Effective: 2023-10-19
  source text: Effective October 19, 2023, Hempacco Co., Inc. (the “ Company ”), entered into a securities purchase agreement (the “ FirstFire SPA ”) with FirstFire Global Opportunities Fund, LLC, a Delaware limited liability company (“ FirstFire ”), pursuant to which the Company sold, and FirstFire purchased, (i) a convertible promissory note in the principal amount of $277,777.78 (the “ FirstFire Note ”), (ii) warrants to purchase 120,370 shares of Company common stock (the “ FirstFire Warrants ”), and (iii) 27,777 shares of Company common stock (the “ FirstFire Shares ”), for an aggregate purchase price of $250,000 (the “ FirstFire Transaction ”), and the Company also entered into a registration rights agreement with FirstFire (the “ FirstFire RRA ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1892480/000147793223007852/0001477932-23-007852-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.