secwatch.observer — SEC 8-K summary
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Issuer:     CalEthos, Inc. (GEDC)
CIK:        0001174891
Form:       8-K
Filed at:   2024-03-12T23:59:59+00:00
Accession:  0001493152-24-009681
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CalEthos exchanges $5.4M debt and warrants for 10.8M shares; related party converts $4.3M
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- Exchanged $5,417,459.50 of principal and accrued interest on promissory notes and related warrants for 10,834,919 common shares.
- Post-exchange outstanding common shares total 25,330,540 shares.
- Nanosha Investments (controlled by director Sean Fontenot) exchanged $4,287,193 note and a warrant for 8,574,386 shares.
- Exchange was exempt from registration under Section 3(a)(9) of the Securities Act.
- Debt-to-equity swap removes $5.4M in liabilities from the balance sheet.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1174891/000149315224009681/0001493152-24-009681-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1174891/000149315224009681/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-009681

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