secwatch.observer — SEC 8-K summary
======================================

Issuer:     Hempacco Co., Inc. (—)
CIK:        0001892480
Form:       8-K
Filed at:   2024-04-30T23:59:59+00:00
Accession:  0001477932-24-002431
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1892480/000147793224002431/0001477932-24-002431-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1892480/000147793224002431/hpco_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-24-002431

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer