secwatch.observer — SEC 8-K summary
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Issuer:     KONA GOLD BEVERAGE, INC. (—)
CIK:        0001802546
Form:       8-K
Filed at:   2023-05-01T23:59:59+00:00
Accession:  0001493152-23-014976
Event type: debt
Sentiment:  neutral
Materiality: 0.30
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Kona Gold Beverage raises $230,000 via senior secured note and warrant
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- Issued $230,000 Senior Secured Note, 12-month maturity, 10% interest, convertible at $0.004/share.
- Granted warrant for 43,600,000 shares at $0.004/share, 5-year term, cashless exercise permitted.
- Net proceeds $211,600 after $21,900 in fees (8% OID and legal costs); $6,400 paid to JH Darbie & Co.
- Note secured by all assets (subordinate to prior debenture); mandatory redemption $2.00 per case of beverages sold monthly.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1802546/000149315223014976/0001493152-23-014976-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1802546/000149315223014976/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-014976

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