secwatch.observer — SEC 8-K summary
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Issuer:     KONA GOLD BEVERAGE, INC. (—)
CIK:        0001802546
Form:       8-K
Filed at:   2023-06-16T23:59:59+00:00
Accession:  0001493152-23-021644
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Kona Gold Beverage issues $55,706 secured convertible note and warrant to Mast Hill Fund
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- Principal amount $55,706.52; net proceeds ~$51,250 after 8% OID and fees.
- Note convertible at $0.004/share, 10% interest, 12-month maturity, secured by company assets.
- Warrant to purchase 20,889,945 shares at $0.003/share, exercisable for 5 years, cashless exercise.
- Monthly mandatory redemption of $2 per 12-count case sold (based on GAAP revenue, 2 months arrears).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1802546/000149315223021644/0001493152-23-021644-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1802546/000149315223021644/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-021644

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