---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-22-007735"
form_type: "8-K"
ticker: "FUNI"
cik: "0001502966"
company_name: "Hypha Labs, Inc."
filed_at: "2022-03-25T23:59:59+00:00"
generated_at: "2026-06-26T17:17:15.963712+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Digipath terminates LOI to acquire C3 Labs, expects full recovery of $1M loan via equipment liquidation

## Summary
- Terminated letter of intent with Evio, Inc. to acquire controlling interest in C3 Labs, a cannabis testing lab in Berkeley, CA.
- Had advanced approximately $1,000,000 in secured loans to C3 Labs prior to termination.
- Company is in possession of C3 Labs equipment and is in the process of liquidating it.
- Anticipates liquidation proceeds will be sufficient to repay all amounts owed by C3 Labs in full.

## SEC filing metadata
- accession: 0001493152-22-007735
- form_type: 8-K
- ticker: FUNI
- cik: 0001502966
- company_name: Hypha Labs, Inc.
- filed_at: 2022-03-25T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1502966/000149315222007735/0001493152-22-007735-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1502966/000149315222007735/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-22-007735
- JSON: https://secwatch.observer/filing/0001493152-22-007735.json
- Plain text: https://secwatch.observer/filing/0001493152-22-007735.txt

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