secwatch.observer — SEC 8-K summary
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Issuer:     Resonate Blends, Inc. (KOAN)
CIK:        0000897078
Form:       8-K
Filed at:   2022-03-08T23:59:59+00:00
Accession:  0001493152-22-006299
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Resonate Blends issues $55K convertible note, 60K commitment shares and warrant
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- Issued $55,000 convertible promissory note to accredited investor; received $50,000 net after original issue discount.
- Note bears 10% interest, matures in 9 months; convertible at $0.15/sh or 75% of VWAP if no $2M qualified offering in 5 months.
- Issued 60,000 commitment shares and a warrant to purchase 62,500 shares at $0.40/sh.
- Additional note under existing Purchase Agreement allowing up to $750,000 aggregate; $550,000 in notes issued Jan 28, 2022.
- Most favored nation provision lets investor claim lower price from future securities; variable rate investments blocked.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/897078/000149315222006299/0001493152-22-006299-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/897078/000149315222006299/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-006299

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