secwatch.observer — SEC 8-K summary
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Issuer:     Stemtech Corp (STEK)
CIK:        0001511820
Form:       8-K
Filed at:   2021-09-10T23:59:59+00:00
Accession:  0001493152-21-022431
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Globe Net Wireless Corp. secures $910K in convertible notes from two funds
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- Convertible promissory notes of $410K (Leonite Fund I LP) and $500K (MCUS LLC) finalized on Sept 3, 2021.
- Notes have nine-month redemption right; proceeds for working capital and capital expenditures.
- Investors agreed no short-selling or hedging of common stock during note term.
- Company obligated to register all shares that may be acquired by investors.
- No right of first refusal, penalties, or restrictions on future financing.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1511820/000149315221022431/0001493152-21-022431-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1511820/000149315221022431/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-21-022431

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