---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-22-003749"
form_type: "8-K"
ticker: "KOAN"
cik: "0000897078"
company_name: "Resonate Blends, Inc."
filed_at: "2022-02-10T23:59:59+00:00"
generated_at: "2026-06-27T09:25:54.673608+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Resonate Blends issues $110K convertible notes at 10%, conversion at $0.15 or 75% VWAP

## Summary
- Issued two convertible notes of $55K each for $110K aggregate principal; received $100K after 10% original issue discount.
- Notes bear 10% interest, mature nine months from Feb 4, 2022; prepayable but with default interest.
- Conversion price fixed at $0.15/share; if no qualified offering ($2M+) by 5 months, becomes 75% of 20-day VWAP.
- Issued 60K commitment shares per investor and warrants to buy 62,500 shares at $0.40 each.
- Most favored nation clause lets investors claim any lower price from future securities within six months.

## SEC filing metadata
- accession: 0001493152-22-003749
- form_type: 8-K
- ticker: KOAN
- cik: 0000897078
- company_name: Resonate Blends, Inc.
- filed_at: 2022-02-10T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/897078/000149315222003749/0001493152-22-003749-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/897078/000149315222003749/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-22-003749
- JSON: https://secwatch.observer/filing/0001493152-22-003749.json
- Plain text: https://secwatch.observer/filing/0001493152-22-003749.txt

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