secwatch.observer — SEC 8-K summary
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Issuer:     Bimergen Energy Corp (BESS)
CIK:        0001066764
Form:       8-K
Filed at:   2022-07-01T23:59:59+00:00
Accession:  0001493152-22-018393
Event type: m_and_a
Sentiment:  negative
Materiality: 0.75
Item codes: 2.01, 3.02, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bitech sells Quad Video assets for ~$8.8K note cancellation; issues 485.8M shares on conversion
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- Sold all assets of Quad Video Halo to Quad Video Holdings and Peter Dalrymple; consideration: cancellation of ~$8,789 promissory note plus accrued interest.
- Also sold accounts receivables of spine pain management business to SPIN Collections for nominal, immaterial consideration.
- Issued 485,781,168 common shares upon conversion of 9,000,000 Series A Preferred shares; total outstanding after conversion: 506,022,050.
- Filed Certificate of Amendment to increase authorized common shares from 250 million to 1 billion, approved May 9, 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1066764/000149315222018393/0001493152-22-018393-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1066764/000149315222018393/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-018393

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