secwatch.observer — SEC 8-K summary
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Issuer:     Sustainable Projects Group Inc. (—)
CIK:        0001500305
Form:       8-K
Filed at:   2023-02-15T23:59:59+00:00
Accession:  0001493152-23-005060
Event type: m_and_a
Sentiment:  neutral
Materiality: 1.00
Item codes: 1.01, 2.01, 3.02, 5.01, 5.02, 5.06, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sustainable Projects Group acquires Lithium Harvest in reverse merger; becomes lithium extraction company
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- Acquired all Lithium Harvest shares for 206,667,233 shares of SPG common stock; Lithium Harvest shareholders hold ~72% post-closing.
- Transaction treated as reverse merger; Lithium Harvest is accounting acquirer; SPG shell status changes.
- Sune Mathiesen appointed CEO, Stefan Muehlbauer CFO, Paw Juul CTO; new two-member board.
- New business: lithium extraction from oilfield wastewater; first 1,000-mt LCE facility in Texas in 2023, production in H1 2024; targeting 6,000 mt by 2026.
- Kestrel Flight Fund holds ~25% of combined company via convertible loan prior to transaction.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1500305/000149315223005060/0001493152-23-005060-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1500305/000149315223005060/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-005060

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