---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-037185"
form_type: "8-K"
ticker: "WAST"
cik: "0001515139"
company_name: "WASTE ENERGY CORP."
filed_at: "2023-10-13T23:59:59+00:00"
generated_at: "2026-06-09T23:59:27.717993+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# MetaWorks Platforms closes $104,250 promissory note with default conversion rights

## Summary
- Net proceeds of $104,250 from unsecured promissory note; principal $119,887.50 plus 11% interest ($13,187).
- Note matures July 15, 2024, with 10 monthly payments of $13,307.40 beginning October 15, 2023 (corrected from Oct 11 release).
- In default, note converts to common stock at lowest trading price in prior 25 trading days or cash repayment at 150% (press release) or 200% (8-K).
- Securities issued under Section 4(a)(2) and/or Rule 506 exemption from registration.

## SEC filing metadata
- accession: 0001493152-23-037185
- form_type: 8-K
- ticker: WAST
- cik: 0001515139
- company_name: WASTE ENERGY CORP.
- filed_at: 2023-10-13T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1515139/000149315223037185/0001493152-23-037185-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1515139/000149315223037185/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-037185
- JSON: https://secwatch.observer/filing/0001493152-23-037185.json
- Plain text: https://secwatch.observer/filing/0001493152-23-037185.txt

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