secwatch.observer — SEC 8-K summary
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Issuer:     Resonate Blends, Inc. (KOAN)
CIK:        0000897078
Form:       8-K
Filed at:   2022-07-01T23:59:59+00:00
Accession:  0001493152-22-018375
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Resonate Blends issues $138,800 convertible note to accredited investor
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- Principal $138,800; net proceeds $125,000 after $10,300 original issue discount and $3,500 legal fees.
- Maturity June 27, 2023; 8% interest; convertible after 180 days at 73% of avg of 3 lowest trading prices in prior 10 days.
- Prepayment premium: 12% if within 120 days, 15% if within 180 days of issuance.
- Conversion limited to 4.99% of outstanding common stock.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/897078/000149315222018375/0001493152-22-018375-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/897078/000149315222018375/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-018375

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