secwatch.observer — SEC 8-K summary
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Issuer:     One World Products, Inc. (OWPC)
CIK:        0001622244
Form:       8-K
Filed at:   2021-09-27T23:59:59+00:00
Accession:  0001493152-21-023845
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

One World Pharma raises $705K via 8% note, issues warrants and commitment fee shares
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- Sold $750K principal promissory note to AJB Capital Investments for $705K; 8% interest, matures Sept 24, 2022.
- Issued three-year warrants: 1.5M shares at $0.25 and 2M shares at $0.50 per share.
- Commitment fee of $250K paid as 1.25M shares, subject to adjustment in six months.
- Note convertible only upon default; conversion price based on lowest trading price.
- Obligations secured by all company assets via Security Agreement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1622244/000149315221023845/0001493152-21-023845-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1622244/000149315221023845/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-21-023845

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