secwatch.observer — SEC 8-K summary
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Issuer:     Hempacco Co., Inc. (—)
CIK:        0001892480
Form:       8-K
Filed at:   2023-10-25T23:59:59+00:00
Accession:  0001477932-23-007852
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1892480/000147793223007852/0001477932-23-007852-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1892480/000147793223007852/hpco_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-23-007852

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