secwatch.observer — SEC 8-K summary
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Issuer:     Hempacco Co., Inc. (—)
CIK:        0001892480
Form:       8-K
Filed at:   2024-03-28T23:59:59+00:00
Accession:  0001477932-24-001539
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1892480/000147793224001539/0001477932-24-001539-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1892480/000147793224001539/hpco_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-24-001539

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