secwatch.observer — SEC 8-K summary
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Issuer:     Metavesco, Inc. (MVCO)
CIK:        0000924095
Form:       8-K
Filed at:   2022-03-22T23:59:59+00:00
Accession:  0001493152-22-007445
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Waterside Capital raises $1.1M via Series A Preferred and warrants for crypto/NFT projects
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- Issued 22 Series A convertible preferred shares at $50,000 each to three accredited investors.
- Each preferred share converts into 100,000 common shares; total potential dilution of 2.2M shares.
- Also issued three warrants per buyer with strike prices of $1.30, $1.50, $1.75, for up to 6.6M common shares.
- Proceeds of $1.1M to fund cryptocurrency liquidity pools and Web3/NFT projects on Ethereum.
- Received $600,000 at closing (March 16, 2022); remaining $500,000 expected within the week.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/924095/000149315222007445/0001493152-22-007445-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/924095/000149315222007445/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-007445

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