secwatch.observer — SEC 8-K summary
======================================

Issuer:     BIOTRICITY INC. (BTCY)
CIK:        0001630113
Form:       8-K
Filed at:   2023-09-20T23:59:59+00:00
Accession:  0001493152-23-033139
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Biotricity raises $2M via Series B Convertible Preferred Stock at $3.50 conversion price, 8% dividend
--------------------------------------------------------------------------------

- Gross proceeds of $2,000,000 from sale of 220 Series B Preferred shares at $9,090.91 per share.
- Series B Preferred carries 8% cumulative dividend, increasing to 15% upon a triggering event.
- Initial conversion price set at $3.50 per share; alternate conversion at 80% of lowest VWAP.
- Company may redeem shares at 110% of stated value; holders can force redemption upon a trigger event.
- Institutional investor subject to 4.99% beneficial ownership cap; shareholder vote may be needed if conversion exceeds 19.9% of outstanding common.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1630113/000149315223033139/0001493152-23-033139-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1630113/000149315223033139/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-033139

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