secwatch.observer — SEC 8-K summary
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Issuer:     Birchtech Corp. (BCHT)
CIK:        0000728385
Form:       8-K
Filed at:   2024-03-04T23:59:59+00:00
Accession:  0001477932-24-001001
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Midwest Energy Emissions restructures $13.15M debt, issues $4.11M new note, cuts profit share
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- Paid $9.04M to reduce unsecured note principal; issued new $4.11M note due Aug 27, 2024 at SOFR+2%.
- Paid off secured note of $271,686 plus interest; all secured debt fully satisfied.
- Profit share reduced from $17.65M to $7.9M, payable only from net IP litigation proceeds.
- AC Midwest granted exclusive right to facilitate sale of its 11.7M shares; proceeds above $960k credited to new note or profit share.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/728385/000147793224001001/0001477932-24-001001-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/728385/000147793224001001/meec_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-24-001001

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