secwatch.observer — SEC 8-K summary
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Issuer:     WASTE ENERGY CORP. (WAST)
CIK:        0001515139
Form:       8-K
Filed at:   2024-01-08T23:59:59+00:00
Accession:  0001493152-24-001734
Event type: debt
Sentiment:  negative
Materiality: 0.20
Item codes: 3.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1515139/000149315224001734/0001493152-24-001734-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1515139/000149315224001734/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-001734

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