secwatch.observer — SEC 8-K summary
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Issuer:     Bubblr Inc. (BBLR)
CIK:        0001873722
Form:       8-K
Filed at:   2024-01-08T23:59:59+00:00
Accession:  0001493152-24-001727
Event type: other_material
Sentiment:  positive
Materiality: 0.75
Item codes: 3.02, 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bubblr reduces debt by $1.67M via debt conversion and salary/director fee waivers; salaries cut 63%
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- CTO Steve Morris converted $821,432 in promissory notes into 2,489,186 shares at $0.33/share.
- Officers and director waived $843,700 in accrued salaries/fees, reducing total debt by $1.67M.
- CEO salary cut from $600K to $240K; CFO $450K to $180K; CTO $360K to $90K; director fees $300K to $120K.
- Press release announces upcoming AI Seek v6 with marketing capabilities and free access period.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1873722/000149315224001727/0001493152-24-001727-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1873722/000149315224001727/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-001727

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