secwatch.observer — SEC 8-K summary
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Issuer:     PetVivo Holdings, Inc. (PETV)
CIK:        0001512922
Form:       8-K
Filed at:   2024-02-09T23:59:59+00:00
Accession:  0001493152-24-005630
Event type: debt
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PetVivo major shareholder converts $123,255 note into 164,340 shares at $0.75/share
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- Alan Sarnoff, a >10% shareholder, converted $120,000 principal plus $3,255 accrued interest into 164,340 restricted shares at $0.75/share.
- Original note (Oct 16, 2023) had $1.60 conversion price and Nov 14, 2023 maturity; amended Nov 13, 2023 to extend maturity to May 14, 2024 and lower price.
- Conversion occurred on February 5, 2024, retiring the note and interest obligation.
- Shares issued as restricted under Section 4(a)(2) exemption; not registered under Securities Act.
- Transaction reduces debt by $123,255 and adds 164,340 shares to outstanding.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1512922/000149315224005630/0001493152-24-005630-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1512922/000149315224005630/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-005630

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