secwatch.observer — SEC 8-K summary
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Issuer:     PANACEA LIFE SCIENCES HOLDINGS, INC. (PLSH)
CIK:        0001552189
Form:       8-K
Filed at:   2022-12-27T23:59:59+00:00
Accession:  0001493152-22-036518
Event type: debt
Sentiment:  positive
Materiality: 0.55
Item codes: 1.01, 2.03
LLM model:  deepseek-v4-flash:cloud@v2

Panacea repays $1.11M convertible note; CEO credit line raised to $5M
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- Repaid $1,110,306.85 on Dec 21, 2022 to retire a 10% OID senior convertible note issued Nov 2021.
- Original note had $1.1M principal, 10% discount, and warrants for 785,715 shares at $1.40/share.
- Funding came from CEO line of credit, which was amended to increase borrowing capacity to $5M.
- Note maturity was Nov 16, 2022; repayment satisfied all obligations under the Purchase Agreement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1552189/000149315222036518/0001493152-22-036518-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1552189/000149315222036518/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-036518

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