secwatch.observer — SEC 8-K summary
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Issuer:     WASTE ENERGY CORP. (WAST)
CIK:        0001515139
Form:       8-K
Filed at:   2022-01-31T23:59:59+00:00
Accession:  0001493152-22-002723
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1515139/000149315222002723/0001493152-22-002723-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1515139/000149315222002723/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-002723

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