secwatch.observer — SEC 8-K summary
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Issuer:     Can B Corp (NASC)
CIK:        0001509957
Form:       8-K
Filed at:   2022-03-31T23:59:59+00:00
Accession:  0001493152-22-008563
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Can B Corp. raises $540k via convertible notes and warrants to Mast Hill and Blue Lake
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- Mast Hill note: $350k principal, 10% OID (net $315k), convertible at $4/share, 12% interest.
- Mast Hill warrant: 54,687 shares at $6.40; subject to price adjustment if S-1 declared effective.
- Blue Lake note: $250k principal, net $225k, same convertible terms; warrant for 39,062 shares at $6.40.
- Both agreements include prepayment penalties, anti-dilution protections, and piggyback registration rights.
- Transactions closed on March 25, 2022; securities issued under Regulation D Section 4(a)(2).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1509957/000149315222008563/0001493152-22-008563-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1509957/000149315222008563/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-008563

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