---
schema_version: "secwatch.filing_event.v1"
accession: "0001477932-24-001539"
form_type: "8-K"
ticker: null
cik: "0001892480"
company_name: "Hempacco Co., Inc."
filed_at: "2024-03-28T23:59:59+00:00"
generated_at: "2026-06-04T06:38:35.413239+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Hempacco sells $379K convertible note & warrants to Mast Hill Fund, net $308K

## Summary
- Sold convertible note with $379,288.88 principal and warrants for 113,786 shares at $2.30 strike to Mast Hill Fund for $341,360; net proceeds $308,051 after fees.
- Note matures 12 months, 10% guaranteed interest, monthly amortization starting July 2024; convertible at $2.30/share, with default-based price adjustments.
- Issued 276,252 shares to Green Globe to satisfy $639,797.48 balance of a promissory note dated Dec 31, 2023.
- Warrants have 5-year term, cashless exercise, same $2.30 exercise price.
- Registration rights agreement requires filing registration statement for resale within 90 days.

## SEC filing metadata
- accession: 0001477932-24-001539
- form_type: 8-K
- cik: 0001892480
- company_name: Hempacco Co., Inc.
- filed_at: 2024-03-28T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1892480/000147793224001539/0001477932-24-001539-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1892480/000147793224001539/hpco_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001477932-24-001539
- JSON: https://secwatch.observer/filing/0001477932-24-001539.json
- Plain text: https://secwatch.observer/filing/0001477932-24-001539.txt

## Key facts
- Debt Financings
  Hempacco Co., Inc. incurred convertible notes of $379,288.88 with Mast Hill Fund, L.P. at 10% per annum maturing 12 months following the issue date.
  - Instrument: convertible notes
  - Principal: $379,288.88
  - Counterparty: Mast Hill Fund, L.P.
  - Rate: 10% per annum
  - Maturity: 12 months following the issue date
  - Event: incurrence
  source text: 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 $379,288.88 (the “ Note ”), and (ii) warrants to purchase 113,786 shares of Company common stock (the “ Warrants ”), for an aggregate purchase price of $341,360 (the “ Transaction ”), and the
  evidence_url: https://www.sec.gov/Archives/edgar/data/1892480/000147793224001539/0001477932-24-001539-index.htm
- Material Agreements
  Hempacco Co., Inc. entered into Securities Purchase Agreement with Mast Hill Fund, L.P. valued at $341,360 aggregate purchase price (effective 2024-03-26).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: Mast Hill Fund, L.P.
  - Value: $341,360 aggregate purchase price
  - Effective: 2024-03-26
  source text: Effective March 26, 2024, Hempacco Co., Inc. (the “ Company ”), entered into a securities purchase agreement (the “ SPA ”) 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 $379,288.88 (the “ Note ”), and (ii) warrants to purchase 113,786 shares of Company common stock (the “ Warrants ”), for an aggregate purchase price of $341,360 (the “ Transaction ”), and the Company also entered into a registration rights agreement with Mast Hill (the “ RRA ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1892480/000147793224001539/0001477932-24-001539-index.htm

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