secwatch.observer — SEC 8-K summary
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Issuer:     Metavesco, Inc. (MVCO)
CIK:        0000924095
Form:       8-K
Filed at:   2022-03-11T23:59:59+00:00
Accession:  0001493152-22-006575
Event type: debt
Sentiment:  neutral
Materiality: 0.30
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Waterside Capital issues $59,986 convertible promissory note to CEO Ryan Schadel
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- Principal amount of $59,986.22; interest at 3.25% per annum; matures March 10, 2027.
- Convertible into common stock at $0.50 per share, subject to anti-dilution adjustments.
- Note funded with 22.86 Ether valued at $59,986.22 as of issue date.
- Issued to Ryan Schadel, CEO, sole director, and majority stockholder.
- Company may prepay any portion without penalty; default rate of 12% per annum.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/924095/000149315222006575/0001493152-22-006575-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/924095/000149315222006575/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-006575

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