secwatch.observer — SEC 8-K summary
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Issuer:     Metalert, Inc. (—)
CIK:        0001375793
Form:       8-K
Filed at:   2023-09-08T23:59:59+00:00
Accession:  0001493152-23-032035
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MetAlert closes acquisition of Level 2 Security for 7.1M shares and $200K convertible notes
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- Merger consideration: 7,100,000 MetAlert common shares and $200,000 principal of 10% convertible notes due 2026, convertible at $0.01/share.
- Level 2 Security provides firearm security products detecting unauthorized movement/use; assets include IP, inventory, and ongoing R&D.
- Closing on September 5, 2023; Level 2 merged into MetAlert subsidiary renamed Level 2 Security, Inc.
- Issuance of shares and notes exempt under Section 4(a)(2) and Rule 506(b) to four accredited owners.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1375793/000149315223032035/0001493152-23-032035-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1375793/000149315223032035/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-032035

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