secwatch.observer — SEC 8-K summary
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Issuer:     WASTE ENERGY CORP. (WAST)
CIK:        0001515139
Form:       8-K
Filed at:   2023-04-06T23:59:59+00:00
Accession:  0001493152-23-011137
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1515139/000149315223011137/0001493152-23-011137-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1515139/000149315223011137/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-011137

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