secwatch.observer — SEC 8-K summary
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Issuer:     Resonate Blends, Inc. (KOAN)
CIK:        0000897078
Form:       8-K
Filed at:   2022-02-03T23:59:59+00:00
Accession:  0001493152-22-003105
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Resonate Blends issues $550K convertible notes with warrants, receives $500K net
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- Aggregate $550K convertible notes sold to two accredited investors; net cash proceeds $500K after original issue discount.
- Notes mature in 9 months, bear 10% interest; convertible at $0.15/share or variable price if no $2M qualified offering in 5 months.
- Issued 600,000 commitment shares and warrants for 625,000 shares at $0.40 exercise price.
- Most favored nation clause after 6 months; prohibition on future variable rate financings.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/897078/000149315222003105/0001493152-22-003105-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/897078/000149315222003105/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-003105

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