secwatch.observer — SEC 8-K summary
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Issuer:     Hypha Labs, Inc. (FUNI)
CIK:        0001502966
Form:       8-K
Filed at:   2022-03-25T23:59:59+00:00
Accession:  0001493152-22-007735
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1502966/000149315222007735/0001493152-22-007735-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1502966/000149315222007735/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-007735

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