secwatch.observer — SEC 8-K summary
======================================

Issuer:     Hempacco Co., Inc. (—)
CIK:        0001892480
Form:       8-K
Filed at:   2024-01-12T23:59:59+00:00
Accession:  0001477932-24-000155
Event type: debt
Sentiment:  negative
Materiality: 0.65
Item codes: 1.01, 2.03, 3.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hempacco raises ~$697k via convertible note; receives Nasdaq delisting notice for missing annual meeting
--------------------------------------------------------------------------------

- Issued $774,444 convertible note to Mast Hill Fund for net proceeds of $627,742 after fees.
- Issued warrants for 335,591 shares at $1.50 exercise price and 77,441 commitment shares.
- Note matures in 12 months; monthly amortization of ~$129k begins 4 months after closing.
- Received Nasdaq notice for failure to hold annual meeting within 12 months of FY2022 year-end; 45 days to submit compliance plan.
- Proceeds allocated first to purchase order #213420187, then to business development and operating capital.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1892480/000147793224000155/0001477932-24-000155-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1892480/000147793224000155/hpco_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-24-000155

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