---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-046252"
form_type: "8-K"
ticker: "SDCH"
cik: "0001022505"
company_name: "SideChannel, Inc."
filed_at: "2023-12-27T23:59:59+00:00"
generated_at: "2026-06-07T06:44:32.540909+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# SideChannel completes tender offer for 2021 warrants, exchanges 43.5M warrants for shares and new warrants

## Summary
- 76 investors tendered 43.5M 2021 warrants (78.4% of total 55.5M warrants) in exchange for ~7.3M common shares and 17.4M new warrants.
- New warrants have $0.18 exercise price, expire Dec 31, 2028, and auto-convert if bid exceeds $0.36 for 30 consecutive days.
- Common shares issued represent approximately 3.3% of total outstanding shares after the tender offer.
- CEO stated original warrants had 'toxic terms' that limited strategic opportunities for the company.

## SEC filing metadata
- accession: 0001493152-23-046252
- form_type: 8-K
- ticker: SDCH
- cik: 0001022505
- company_name: SideChannel, Inc.
- filed_at: 2023-12-27T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1022505/000149315223046252/0001493152-23-046252-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1022505/000149315223046252/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-046252
- JSON: https://secwatch.observer/filing/0001493152-23-046252.json
- Plain text: https://secwatch.observer/filing/0001493152-23-046252.txt

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