secwatch.observer — SEC 8-K summary
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Issuer:     BIOTRICITY INC. (BTCY)
CIK:        0001630113
Form:       8-K
Filed at:   2021-12-28T23:59:59+00:00
Accession:  0001493152-21-032595
Event type: debt
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Biotricity borrows $12M at LIBOR+10.5%, issues 57,536-share warrant to SWK Funding
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- Borrowed $12M from SWK Funding LLC at LIBOR plus 10.5% interest, maturing Dec 21, 2026.
- Interest-only payments for first 24 months (extendable to 36); then principal amortization with 40% balloon at maturity.
- Issued warrant to purchase 57,536 shares at $6.26/share, expiring Dec 21, 2028.
- Origination fee of $120k paid; exit fee of $600k due at termination.
- Obligations secured by all assets and intellectual property of the company.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1630113/000149315221032595/0001493152-21-032595-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1630113/000149315221032595/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-21-032595

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