---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-001734"
form_type: "8-K"
ticker: "WAST"
cik: "0001515139"
company_name: "WASTE ENERGY CORP."
filed_at: "2024-01-08T23:59:59+00:00"
generated_at: "2026-06-07T02:13:38.235298+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.2
calibrated_materiality_score: 0.2
confidence: "high"
source: SEC EDGAR
---

# MetaWorks issues 920,000 shares at $0.02 to president Scott Gallagher to settle $18,400 debt

## Summary
- Issued 920,000 shares of common stock at $0.02/share to settle $18,400 debt owed to president Scott Gallagher.
- Shares were unregistered, issued under Section 4(a)(2) and Rule 506 exemption.
- President's undiluted ownership increased from 0.35% to 1.19%; diluted from 4.45% to 5.22%.
- Board approved transaction; no formal valuation or minority approval obtained.

## SEC filing metadata
- accession: 0001493152-24-001734
- form_type: 8-K
- ticker: WAST
- cik: 0001515139
- company_name: WASTE ENERGY CORP.
- filed_at: 2024-01-08T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.2
- calibrated_materiality_score: 0.2
- confidence: high
- sec_items: 3.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1515139/000149315224001734/0001493152-24-001734-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1515139/000149315224001734/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-001734
- JSON: https://secwatch.observer/filing/0001493152-24-001734.json
- Plain text: https://secwatch.observer/filing/0001493152-24-001734.txt

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