secwatch.observer — SEC 8-K summary
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Issuer:     WASTE ENERGY CORP. (WAST)
CIK:        0001515139
Form:       8-K
Filed at:   2023-08-29T23:59:59+00:00
Accession:  0001493152-23-030426
Event type: other_material
Sentiment:  neutral
Materiality: 0.45
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MetaWorks enters 4-year biz dev pact with GSD Group; 20% success fee
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- Success fee of 20% of gross revenue or 20% of net profit per qualified contract introduced by GSD.
- GSD can convert outstanding success fees into common stock at a 10% discount to market price.
- Term of agreement is 4 years, extendable by another 2 years with written notice.
- Shelly Murphy, a MetaWorks director, is CEO of GSD Group, creating a related-party transaction.
- GSD will provide global Web3 business development and customer introductions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1515139/000149315223030426/0001493152-23-030426-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1515139/000149315223030426/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-030426

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