---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-22-002723"
form_type: "8-K"
ticker: "WAST"
cik: "0001515139"
company_name: "WASTE ENERGY CORP."
filed_at: "2022-01-31T23:59:59+00:00"
generated_at: "2026-06-27T13:32:43.260560+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# CurrencyWorks raises US$250K from insider placement and SEGUS, settles US$100K debt

## Summary
- Closed $250K strategic financing: insider private placement of $50K (244,139 shares at $0.2048) and registered direct offering to SEGUS for $200K (1,221,001 units at $0.1638 each, share plus warrant).
- SEGUS warrants: exercise price $0.2048/share, immediately exercisable, expiring 2 years from Jan 28, 2022.
- Debt settlement of $100K via issuance of 488,281 shares at deemed price of $0.2048 per share to a creditor.
- Insiders participating: Chairman Cameron Chell, CFO Swapan Kakumanu, Lead Director James Geiskopf.
- Proceeds to be used for working capital and general corporate purposes.

## SEC filing metadata
- accession: 0001493152-22-002723
- form_type: 8-K
- ticker: WAST
- cik: 0001515139
- company_name: WASTE ENERGY CORP.
- filed_at: 2022-01-31T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1515139/000149315222002723/0001493152-22-002723-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1515139/000149315222002723/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-22-002723
- JSON: https://secwatch.observer/filing/0001493152-22-002723.json
- Plain text: https://secwatch.observer/filing/0001493152-22-002723.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.