---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-044019"
form_type: "8-K"
ticker: "AIXC"
cik: "0001460702"
company_name: "AIxCrypto Holdings, Inc."
filed_at: "2023-12-07T23:59:59+00:00"
generated_at: "2026-06-07T16:07:23.426266+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Qualigen lowers debenture conversion price to $0.73, gains waiver for stock-based principal payments

## Summary
- Conversion price reduced from $1.32 to $0.73; warrant exercise price reduced from $1.65 to $0.73.
- Alpha Capital waives Equity Conditions for Dec 2023 & Jan 2024 principal payments, allowing stock payment instead of cash.
- Each monthly principal payment would have been $110,000 in cash; now payable in stock subject to Nasdaq listing.
- Amendment clarifies warrant liability classification for GAAP purposes (not liability-classified).

## SEC filing metadata
- accession: 0001493152-23-044019
- form_type: 8-K
- ticker: AIXC
- cik: 0001460702
- company_name: AIxCrypto Holdings, Inc.
- filed_at: 2023-12-07T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1460702/000149315223044019/0001493152-23-044019-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1460702/000149315223044019/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-044019
- JSON: https://secwatch.observer/filing/0001493152-23-044019.json
- Plain text: https://secwatch.observer/filing/0001493152-23-044019.txt

## Key facts
- Material Agreements
  AIxCrypto Holdings, Inc. amended Amendment No. 1 with Alpha Capital Anstalt (effective 2023-12-05).
  - Action: amendment
  - Agreement: equity purchase
  - Counterparty: Alpha Capital Anstalt
  - Effective: 2023-12-05
  source text: On December 5, 2023, we entered into an Amendment No. 1 with regard to Securities Purchase Agreement, with Alpha Capital Anstalt.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1460702/000149315223044019/0001493152-23-044019-index.htm

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