secwatch.observer — SEC 8-K summary
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Issuer:     Data443 Risk Mitigation, Inc. (ATDS)
CIK:        0001068689
Form:       8-K
Filed at:   2022-12-12T23:59:59+00:00
Accession:  0001493152-22-035103
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Data443 issues $750K convertible notes at $0.50 conversion with 20% OID and warrants at $1.155
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- Sold $750K principal of unsecured convertible notes with 20% original issue discount, net $600K.
- Notes convertible at $0.50 per share, zero interest, mature in 12 months or upon listing on NYSE/Nasdaq.
- Warrants to purchase up to 100% of conversion shares at $1.155, exercisable from 4 months after uplisting, 5-year term.
- Piggyback registration rights granted for underlying shares.
- Offered in unregistered transaction under Section 4(a)(2) and Regulation D.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1068689/000149315222035103/0001493152-22-035103-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1068689/000149315222035103/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-035103

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