secwatch.observer — SEC 8-K summary
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Issuer:     Brownie's Marine Group, Inc (BWMG)
CIK:        0001166708
Form:       8-K
Filed at:   2022-10-12T23:59:59+00:00
Accession:  0001493152-22-028231
Event type: other_material
Sentiment:  negative
Materiality: 0.70
Item codes: 1.01, 3.02, 4.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Brownie's Marine issues $66,793 convertible note, changes auditor, guarantees lease
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- Issued convertible demand note to Robert Carmichael for $66,793; convertible at 35% discount to 90-day VWAP.
- Auditor Liggett & Webb resigned effective Oct 10, 2022; Board engaged Assurance Dimensions for Q3 review.
- Prior audit reports included going concern explanatory paragraph, but no disagreements or reportable events.
- Guaranteed subsidiary Submersible's 5-year lease for 13,000 sq ft in Huntington Beach, CA; initial base rent $17,550/month.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1166708/000149315222028231/0001493152-22-028231-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1166708/000149315222028231/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-028231

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