---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-023511"
form_type: "8-K"
ticker: "WAST"
cik: "0001515139"
company_name: "WASTE ENERGY CORP."
filed_at: "2023-07-06T23:59:59+00:00"
generated_at: "2026-06-13T11:42:45.120254+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# MetaWorks acquires UtopiaVR assets for shares and $854K in convertible notes

## Summary
- Acquired UtopiaVR.com platform, ChatGPT AI avatar tech, and patent-pending metaverse haptics IP.
- Consideration: 7,000,000 shares of common stock plus $700,000 and $154,250 convertible promissory notes.
- Convertible notes mature July 5, 2024, convertible at $0.10/share after a 6-month lock-up.
- Securities issued in unregistered offshore transaction relying on Regulation S and Section 4(a)(2).
- Acquisition strengthens MetaWorks' Web3/metaverse position; no revenue or earnings details disclosed.

## SEC filing metadata
- accession: 0001493152-23-023511
- form_type: 8-K
- ticker: WAST
- cik: 0001515139
- company_name: WASTE ENERGY CORP.
- filed_at: 2023-07-06T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.01, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1515139/000149315223023511/0001493152-23-023511-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1515139/000149315223023511/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-023511
- JSON: https://secwatch.observer/filing/0001493152-23-023511.json
- Plain text: https://secwatch.observer/filing/0001493152-23-023511.txt

## Key facts
- M&A Transactions
  WASTE ENERGY CORP. completed an acquisition involving Apex VR Holdings, Inc. (closed 2023-07-05).
  - Action: acquisition
  - Counterparty: Apex VR Holdings, Inc.
  - Closing: 2023-07-05
  source text: On July 5, 2023, we closed the asset purchase agreement (the “ Agreement ”) with Apex VR Holdings, Inc. (“ Apex ”), whereby we purchased certain intellectual property assets (the “ Assets ”) and the intellectual property rights relating to or used in connection with the Assets of Apex.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1515139/000149315223023511/0001493152-23-023511-index.htm

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