secwatch.observer — SEC 8-K summary
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Issuer:     Earth Science Tech, Inc. (ETST)
CIK:        0001538495
Form:       8-K
Filed at:   2021-09-02T23:59:59+00:00
Accession:  0001493152-21-021831
Event type: other_material
Sentiment:  positive
Materiality: 0.80
Item codes: 1.01, 1.03, 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Earth Science Tech replaces receiver, settles Cromogen for $585.9K, elects new board
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- Receiver Robert L. Stevens discharged and replaced by William A. Leonard Jr. on August 27, 2021.
- Original board members Nickolas S. Tabraue and Steven Warm reinstated; Jeannette Steigerwald also elected.
- Settlement with Cromogen for $585,885.90; early payment discount to $500,000 if paid before Jan 2022; default triggers $970,000 judgment.
- Revolving credit agreement with Great Lakes Holding Group for up to $250,000 at 8.5% interest, due Jan 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1538495/000149315221021831/0001493152-21-021831-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1538495/000149315221021831/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-21-021831

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