secwatch.observer — SEC 8-K summary
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Issuer:     WASTE ENERGY CORP. (WAST)
CIK:        0001515139
Form:       8-K
Filed at:   2023-04-20T23:59:59+00:00
Accession:  0001493152-23-013033
Event type: debt
Sentiment:  neutral
Materiality: 0.25
Item codes: 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MetaWorks raises $75,000 via unsecured promissory note
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1515139/000149315223013033/0001493152-23-013033-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1515139/000149315223013033/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-013033

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer