secwatch.observer — SEC 8-K summary
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Issuer:     PANACEA LIFE SCIENCES HOLDINGS, INC. (PLSH)
CIK:        0001552189
Form:       8-K
Filed at:   2022-03-04T23:59:59+00:00
Accession:  0001493152-22-006060
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Panacea exchanges 350 Series A shares for $385K convertible note & warrants
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- Issued $385K 10% OID senior convertible note due March 2023, convertible at $1.40/sh.
- Issued five-year warrants to purchase 275,000 shares at $1.40/sh, exercisable from May 18, 2022.
- Note and warrants issued in exchange for 350 shares of 0% Series A Convertible Preferred Stock under MFN rights.
- Note has 18% default interest, 125% redemption premium, and conversion adjustments including Qualified Offering.
- Registration rights agreement subordinated to prior November 2021 private placement investor's rights.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1552189/000149315222006060/0001493152-22-006060-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1552189/000149315222006060/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-006060

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