---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-021358"
form_type: "8-K"
ticker: "SDCH"
cik: "0001022505"
company_name: "SideChannel, Inc."
filed_at: "2023-06-15T23:59:59+00:00"
generated_at: "2026-06-13T23:35:19.090329+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# SideChannel converts Series A Preferred after SCS revenue milestone; Sellers now own 57.6% of SDCH common

## Summary
- SCS achieved $5.7M trailing 12-month revenue (Mar 31, 2023), exceeding $5.5M milestone.
- Board approved issuance of 62,016,618 Second Tranche shares (including working capital adjustment of 2,116,618 shares).
- Sellers converted 100 shares of Series A Preferred into 100 common shares on June 12, 2023.
- Following conversion, Sellers hold ~57.6% of 211,587,999 outstanding common shares; no preferred remains.
- Lock-up restrictions: Sellers cannot sell >20% of shares until July 2023 (12 mo.) and remainder until July 2024.

## SEC filing metadata
- accession: 0001493152-23-021358
- form_type: 8-K
- ticker: SDCH
- cik: 0001022505
- company_name: SideChannel, Inc.
- filed_at: 2023-06-15T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1022505/000149315223021358/0001493152-23-021358-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1022505/000149315223021358/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-021358
- JSON: https://secwatch.observer/filing/0001493152-23-021358.json
- Plain text: https://secwatch.observer/filing/0001493152-23-021358.txt

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