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

Issuer:     DYNAMIC AEROSPACE SYSTEMS Corp (BRQL)
CIK:        0001854526
Form:       8-K
Filed at:   2026-04-30T23:59:59+00:00
Accession:  0001477932-26-002697
Event type: debt
Sentiment:  negative
Materiality: 0.80
Item codes: 1.01, 3.02, 5.03, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Dynamic Aerospace Systems raises $246K via convertible note, creates dilutive Series E Preferred
--------------------------------------------------------------------------------

- Issued $275K convertible note to LABRYS FUND II; net proceeds $246K after OID and fees.
- Note convertible at lower of $0.50 or 80% of 15-day lowest VWAP; warrants for 199,275 shares at $0.65.
- Created 25M shares of Series E Preferred, convertible after 6 months into 1.25 common shares each in monthly tranches.
- Issued 500,000 restricted shares to advisor Tyler Troup for consulting services.
- Announced Drone Demo Expo on Apr 30, 2026 with AZ DPS showcasing US-1, G1 MKII, and Mitigator drones.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1854526/000147793226002697/0001477932-26-002697-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1854526/000147793226002697/brql_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-26-002697

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