secwatch.observer — SEC 8-K summary
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Issuer:     EUDA Health Holdings Ltd (EUDA)
CIK:        0001847846
Form:       8-K
Filed at:   2023-05-26T23:59:59+00:00
Accession:  0001493152-23-019182
Event type: other_material
Sentiment:  neutral
Materiality: 0.80
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

EUDA Health issues ~3.26M shares to settle debts, convert notes, and raise $940K
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- Issued 1.62M settlement shares to extinguish $1.24M in debt and CEO claim ($850K).
- Converted $700K note into 700K shares at $1.00; Tan Third Loan of $22,500 remains outstanding.
- Private placement: 940K shares at $1.00 to accredited investors for $940K.
- Shares issued to related parties: James Tan, CEO Kelvin Chen, and entities they control.
- All shares unregistered; registration rights require filing after upcoming Form 10-K and 10-Qs.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1847846/000149315223019182/0001493152-23-019182-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1847846/000149315223019182/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-019182

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