secwatch.observer — SEC 8-K summary
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Issuer:     Healing Co Inc. (—)
CIK:        0001441082
Form:       8-K
Filed at:   2024-02-23T23:59:59+00:00
Accession:  0001477932-24-000864
Event type: debt
Sentiment:  negative
Materiality: 0.85
Item codes: 2.04, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Healing Company receives notice of default and acceleration on $4.37M credit facility
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- Westmount Group as administrative agent accelerated ~$4.37M total obligations under August 2022 Credit Agreement.
- Default triggered by missed interest payments of $91,454.13 each for November and December 2023.
- Acceleration demands immediate payment of $4.16M principal, $185K accrued interest, and $22K default interest.
- Credit commitments terminated; no further loans or accommodations will be provided.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1441082/000147793224000864/0001477932-24-000864-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1441082/000147793224000864/hlco_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-24-000864

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