---
schema_version: "secwatch.filing_event.v1"
accession: "0001477932-24-002431"
form_type: "8-K"
ticker: null
cik: "0001892480"
company_name: "Hempacco Co., Inc."
filed_at: "2024-04-30T23:59:59+00:00"
generated_at: "2026-06-03T04:46:51.617258+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Hempacco raises $341K via convertible note and warrants from Mast Hill Fund

## Summary
- Issued $379,288.88 principal convertible promissory note with 10% annual interest, maturing in 12 months.
- Net proceeds of $308,051.20 after legal and broker fees; note convertible at $2.30/share with default adjustments.
- Also issued warrants to purchase 113,786 shares at $2.30, cashless exercise, 5-year term.
- This is the third tranche of a broader $1.226M note and 367,800 warrant financing disclosed earlier.
- Funds must be used for purchase orders, business development, and operating capital only.

## SEC filing metadata
- accession: 0001477932-24-002431
- form_type: 8-K
- cik: 0001892480
- company_name: Hempacco Co., Inc.
- filed_at: 2024-04-30T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1892480/000147793224002431/0001477932-24-002431-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1892480/000147793224002431/hpco_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001477932-24-002431
- JSON: https://secwatch.observer/filing/0001477932-24-002431.json
- Plain text: https://secwatch.observer/filing/0001477932-24-002431.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: the Company sold, and Mast Hill purchased, (i) a convertible promissory note in the principal amount of $379,288.88
  evidence_url: https://www.sec.gov/Archives/edgar/data/1892480/000147793224002431/0001477932-24-002431-index.htm
- Material Agreements
  Hempacco Co., Inc. entered into SPA with Mast Hill Fund, L.P. valued at $379,288.88 (effective 2024-04-24).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: Mast Hill Fund, L.P.
  - Value: $379,288.88
  - Effective: 2024-04-24
  source text: Effective April 24, 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1892480/000147793224002431/0001477932-24-002431-index.htm

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