---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-029179"
form_type: "8-K"
ticker: "WAST"
cik: "0001515139"
company_name: "WASTE ENERGY CORP."
filed_at: "2023-08-16T23:59:59+00:00"
generated_at: "2026-06-11T08:20:32.823536+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.25
calibrated_materiality_score: 0.25
confidence: "high"
source: SEC EDGAR
---

# MetaWorks Platforms issues 160,714 shares to president in $11,250 debt settlement

## Summary
- Issued 160,714 common shares at $0.07/share to President Scott Gallagher to settle $11,250 debt.
- Transaction is a related-party exemption under MI 61-101; shares unregistered under 1933 Act.
- Filing less than 21 days before closing to improve company's financial position.
- Gallagher's beneficial ownership rose from 0.21% to 1.05% (undiluted) post-settlement.

## SEC filing metadata
- accession: 0001493152-23-029179
- form_type: 8-K
- ticker: WAST
- cik: 0001515139
- company_name: WASTE ENERGY CORP.
- filed_at: 2023-08-16T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.25
- calibrated_materiality_score: 0.25
- confidence: high
- sec_items: 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1515139/000149315223029179/0001493152-23-029179-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1515139/000149315223029179/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-029179
- JSON: https://secwatch.observer/filing/0001493152-23-029179.json
- Plain text: https://secwatch.observer/filing/0001493152-23-029179.txt

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