---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-022238"
form_type: "8-K"
ticker: "WAST"
cik: "0001515139"
company_name: "WASTE ENERGY CORP."
filed_at: "2023-06-23T23:59:59+00:00"
generated_at: "2026-06-13T17:59:22.540650+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# MetaWorks signs asset purchase agreement to acquire UtopiaVR metaverse platform

## Summary
- Acquires UtopiaVR.com platform, Web3 business metaverse tech, domain portfolio, and patent-pending haptics IP.
- Consideration: 7 million shares of common stock plus $700k and $154,250 convertible promissory notes (total $854,250).
- Notes mature in 1 year ($700k) and Dec 15, 2023 ($154k), convertible at $0.10/share after 6 months.
- Securities issued are unregistered; no public offering. Apex VR Holdings is arm's length to MetaWorks.
- Acquisition is expected to expand MetaWorks' Web3 platform offerings and licensing opportunities.

## SEC filing metadata
- accession: 0001493152-23-022238
- form_type: 8-K
- ticker: WAST
- cik: 0001515139
- company_name: WASTE ENERGY CORP.
- filed_at: 2023-06-23T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1515139/000149315223022238/0001493152-23-022238-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1515139/000149315223022238/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-022238
- JSON: https://secwatch.observer/filing/0001493152-23-022238.json
- Plain text: https://secwatch.observer/filing/0001493152-23-022238.txt

## Key facts
- Material Agreements
  WASTE ENERGY CORP. entered into Agreement with Apex VR Holdings, Inc. (effective 2023-06-16).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: Apex VR Holdings, Inc.
  - Effective: 2023-06-16
  source text: Effective as of June 16, 2023, we entered into an asset purchase agreement (the “ Agreement ”) with Apex VR Holdings, Inc. (“ Apex ”), whereby we will purchase certain intellectual property assets
  evidence_url: https://www.sec.gov/Archives/edgar/data/1515139/000149315223022238/0001493152-23-022238-index.htm

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