secwatch.observer — SEC 8-K summary
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Issuer:     NetBrands Corp. (NBND)
CIK:        0001725911
Form:       8-K
Filed at:   2021-11-08T23:59:59+00:00
Accession:  0001493152-21-027492
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Global Diversified Marketing enters equity line for up to $5M with Williamsburg Venture Holdings
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- Company may sell up to $5M in common stock over 12 months at 90% of VWAP, subject to volume limits.
- Issued 50,000 commitment shares to investor; maximum per put is the lower of $500K or 200% of average daily volume.
- Registration filing due by Dec 31, 2021; beneficial ownership capped at 4.99% for investor.
- Company can terminate agreement at any time with no cost or penalty.
- Liquidated damages of $25,000 if CEO/CFO Paul Adler resigns or is removed.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1725911/000149315221027492/0001493152-21-027492-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1725911/000149315221027492/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-21-027492

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