secwatch.observer — SEC 8-K summary
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Issuer:     WASTE ENERGY CORP. (WAST)
CIK:        0001515139
Form:       8-K
Filed at:   2023-10-13T23:59:59+00:00
Accession:  0001493152-23-037185
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1515139/000149315223037185/0001493152-23-037185-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1515139/000149315223037185/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-037185

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