secwatch.observer — SEC 8-K summary
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Issuer:     Hypha Labs, Inc. (FUNI)
CIK:        0001502966
Form:       8-K
Filed at:   2022-01-06T23:59:59+00:00
Accession:  0001493152-22-000553
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 3.02, 3.03, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Digipath exchanges 278K Series A for Series B preferred, raises $55.6K
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- Exchanged 278,000 shares of Series A Preferred for 278,000 shares of Series B Preferred with an institutional investor.
- Investor purchased 55,600 additional Series B shares at $1.00 per share, gross proceeds $55,600.
- Series B Preferred has a stated value of $1.00 and is convertible into common stock at $0.04 per share.
- Series B Preferred ranks senior to common stock upon liquidation, entitled to $1.00 per share.
- Transactions were unregistered, relying on Section 3(a)(9) for exchange and Rule 506 for cash sale.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1502966/000149315222000553/0001493152-22-000553-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1502966/000149315222000553/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-000553

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