secwatch.observer — SEC 8-K summary
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Issuer:     CalEthos, Inc. (GEDC)
CIK:        0001174891
Form:       8-K
Filed at:   2021-10-08T23:59:59+00:00
Accession:  0001493152-21-025007
Event type: leadership
Sentiment:  neutral
Materiality: 0.75
Item codes: 5.02, 1.01
LLM model:  deepseek-v4-flash:cloud@v2

CalEthos appoints directors Shum and Fontenot; Fontenot affiliate holds $3.85M convertible note
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- Steven M. Shum (CEO of INVO Bioscience) and Sean Fontenot appointed to board on Oct 7, 2021, filling vacancies.
- Company announces strategic pivot to bitcoin mining and high-performance computer manufacturing.
- Fontenot controls Nanosha Investments, which on Sep 15, 2021 purchased a $3.85M convertible note (10% OID) and warrants.
- Note convertible at $1.25/share, matures Aug 31, 2022; Series A warrant exercisable at $1.87/share through Aug 31, 2024.
- Registration rights require company to file a registration statement within 90 days after completing $10M+ financing.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1174891/000149315221025007/0001493152-21-025007-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1174891/000149315221025007/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-21-025007

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