---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-003340"
form_type: "8-K"
ticker: null
cik: "0001805024"
company_name: "Amergent Hospitality Group Inc."
filed_at: "2023-02-02T23:59:59+00:00"
generated_at: "2026-06-20T02:37:41.320068+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Amergent closes $2.5M private placement of preferred units; creates Series B Convertible Preferred

## Summary
- Sold 125 units at $20,000 each for $2.5M gross; each unit includes Series A Preferred share and warrant for 10,000 common shares.
- Warrants exercisable at $1.00/share for 10 years; subject to 4.99% beneficial ownership cap.
- Authorized up to 400 shares of Series B Preferred, stated value $20,000, convertible at $0.50/share, 12% cumulative dividend.
- Net proceeds to be used for acquisition of Boudreaux's Cajun Kitchen and future growth initiatives.
- Series B Preferred redeemable at increasing prices: $25,000 (2023), $30,000 (2024), $35,000 (2025) per share plus accrued dividends.

## SEC filing metadata
- accession: 0001493152-23-003340
- form_type: 8-K
- cik: 0001805024
- company_name: Amergent Hospitality Group Inc.
- filed_at: 2023-02-02T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 5.03, 3.02, 3.03
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1805024/000149315223003340/0001493152-23-003340-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1805024/000149315223003340/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-003340
- JSON: https://secwatch.observer/filing/0001493152-23-003340.json
- Plain text: https://secwatch.observer/filing/0001493152-23-003340.txt

## Key facts
- Governance Changes
  Amergent Hospitality Group Inc.: Filed a Certificate of Designation for Series B Convertible Preferred Stock, specifying its terms as part of the Certificate of Incorporation (effective 2023-02-01).
  - Change: charter amendment
  - Effective: 2023-02-01
  source text: On February 1, 2023, Amergent filed a Certificate of Designation of the Preferences, Rights and Limitations Series B Convertible Preferred Stock (“Certificate”) with the Secretary of State of Delaware, which becomes effective upon filing.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1805024/000149315223003340/0001493152-23-003340-index.htm
- Material Agreements
  Amergent Hospitality Group Inc. entered into Securities Purchase Agreement with certain accredited investors valued at $2,500,000 (effective 2023-01-26).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: certain accredited investors
  - Value: $2,500,000
  - Effective: 2023-01-26
  source text: On January 26, 2023, Amergent Hospitality Group Inc. (“Amergent or the “company”) closed, pursuant to a Securities Purchase Agreement with certain accredited investors, on the sale in a private offering of 125 units (“Units”), each Unit comprised of one share of Series A Convertible Preferred Stock (“Series A Preferred”) and a warrant (“Warrant”) to purchase up to 10,000 shares of common stock, $0.0001 par value, of the company, for aggregate gross proceeds of $2,500,000.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1805024/000149315223003340/0001493152-23-003340-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.