---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-013033"
form_type: "8-K"
ticker: "WAST"
cik: "0001515139"
company_name: "WASTE ENERGY CORP."
filed_at: "2023-04-20T23:59:59+00:00"
generated_at: "2026-06-16T22:28:41.375249+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.25
calibrated_materiality_score: 0.25
confidence: "high"
source: SEC EDGAR
---

# MetaWorks raises $75,000 via unsecured promissory note

## Summary
- Net proceeds of $75,000 from unsecured promissory note; total note amount $100,298 including 13% interest ($11,538) and OID ($9,510).
- Maturity date April 19, 2024; repaid in 10 monthly payments of $10,029.80 starting May 30, 2023, with a 5-day grace period.
- Upon default, note is convertible at the lowest trading price over the prior 25 trading days; cash repayment penalty is 200% of outstanding principal plus accrued interest.

## SEC filing metadata
- accession: 0001493152-23-013033
- form_type: 8-K
- ticker: WAST
- cik: 0001515139
- company_name: WASTE ENERGY CORP.
- filed_at: 2023-04-20T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.25
- calibrated_materiality_score: 0.25
- confidence: high
- sec_items: 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1515139/000149315223013033/0001493152-23-013033-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1515139/000149315223013033/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-013033
- JSON: https://secwatch.observer/filing/0001493152-23-013033.json
- Plain text: https://secwatch.observer/filing/0001493152-23-013033.txt

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