secwatch.observer — SEC 8-K summary
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Issuer:     APPYEA, INC (APYP)
CIK:        0001568969
Form:       8-K
Filed at:   2023-08-03T23:59:59+00:00
Accession:  0001493152-23-026528
Event type: debt
Sentiment:  neutral
Materiality: 0.45
Item codes: 1.01, 3.03
LLM model:  deepseek-v4-flash:cloud@v2

AppYea raises $133K via stock and warrant sale, restructures notes, modifies preferred voting rights
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- Issued 13.3M shares common stock at $0.01/share and warrants to purchase 13.3M shares at $0.04, two-year term. Gross proceeds $133,000.
- Investor and affiliates purchased $724,658 outstanding convertible notes; maturity extended to Dec 31, 2024; conversion prices amended to $0.0054 and $0.005.
- Additional $720K note from third party extended maturity to June 30, 2024; company may issue extra shares if VWAP below $0.04 (illustrated 2.33M shares if VWAP $0.03).
- Preferred Series A shares voting rights changed: each share now equals 3,000 common stock votes. Effective June 18, 2023.
- Informal indication of further investments of $266K in Q3 2023 and up to $950K within nine months, but not guaranteed.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1568969/000149315223026528/0001493152-23-026528-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1568969/000149315223026528/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-026528

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