secwatch.observer — SEC 8-K summary
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Issuer:     Brownie's Marine Group, Inc (BWMG)
CIK:        0001166708
Form:       8-K
Filed at:   2024-02-13T23:59:59+00:00
Accession:  0001493152-24-006052
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Brownie's Marine Group issues $280K promissory note to director Charles Hyatt at 9.9% interest
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- Note principal $280,000 issued to director Charles Hyatt on Feb 8, 2024.
- Interest rate 9.9% per annum payable monthly; matures August 7, 2024.
- Proceeds used for general working capital; default interest rate 18%.
- Note prepayable without penalty; default events include insolvency and non-payment.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1166708/000149315224006052/0001493152-24-006052-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1166708/000149315224006052/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-006052

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