---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-011137"
form_type: "8-K"
ticker: "WAST"
cik: "0001515139"
company_name: "WASTE ENERGY CORP."
filed_at: "2023-04-06T23:59:59+00:00"
generated_at: "2026-06-17T05:07:25.556125+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# MetaWorks Platforms issues 725,000 shares to settle $36,250 debt with related parties

## Summary
- Issued 725,000 shares at $0.05 per share to settle $36,250 debt; 500k to director Murphy's GSD Group, 225k to Pres. Gallagher.
- Transaction exempt from MI 61-101 valuation and minority approval; shares unregistered under Securities Act.
- Company closed debt settlement early to improve financial position; related party transaction.
- Post-settlement, director Murphy's undiluted ownership rises from 0.95% to 1.47%; Gallagher's from 0% to 0.24%.

## SEC filing metadata
- accession: 0001493152-23-011137
- form_type: 8-K
- ticker: WAST
- cik: 0001515139
- company_name: WASTE ENERGY CORP.
- filed_at: 2023-04-06T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1515139/000149315223011137/0001493152-23-011137-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1515139/000149315223011137/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-011137
- JSON: https://secwatch.observer/filing/0001493152-23-011137.json
- Plain text: https://secwatch.observer/filing/0001493152-23-011137.txt

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