---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-015982"
form_type: "8-K"
ticker: "OWPC"
cik: "0001622244"
company_name: "One World Products, Inc."
filed_at: "2024-04-25T23:59:59+00:00"
generated_at: "2026-06-03T08:00:46.547505+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# One World Products sells $1.6M convertible notes with warrants; 12% interest, Jan 2025 maturity

## Summary
- SDT Equities LLC provided $1.3M principal note at $1.196M purchase price; 12% interest, convertible at variable rate.
- AJB Capital Investments LLC provided $300K principal note at $276K purchase price; 12% interest, convertible at variable rate.
- SDT received pre-funded warrant for 8,666,667 shares with make-whole provision guaranteeing at least $520K net proceeds.
- AJB received 2,000,000 commitment fee shares; make-whole provision if sale proceeds fall short of $120K fee.
- Notes secured by all company assets under security agreements; maturity January 19, 2025.

## SEC filing metadata
- accession: 0001493152-24-015982
- form_type: 8-K
- ticker: OWPC
- cik: 0001622244
- company_name: One World Products, Inc.
- filed_at: 2024-04-25T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1622244/000149315224015982/0001493152-24-015982-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1622244/000149315224015982/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-015982
- JSON: https://secwatch.observer/filing/0001493152-24-015982.json
- Plain text: https://secwatch.observer/filing/0001493152-24-015982.txt

## Key facts
- Debt Financings
  One World Products, Inc. incurred convertible notes of $1,300,000 with SDT Equities LLC at 12% per annum maturing January 19, 2025.
  - Instrument: convertible notes
  - Principal: $1,300,000
  - Counterparty: SDT Equities LLC
  - Rate: 12% per annum
  - Maturity: January 19, 2025
  - Event: incurrence
  source text: (the “Company”) completed the sale of a 12% convertible promissory note to each of (a) SDT Equities LLC, a Delaware limited liability company (“SDT”) in the principal amount of $1,300,000 and for a purchase price of $1,196,000, and (b) AJB Capital Investments LLC, a Delaware limited liability company (“AJB”, and together with SDT, the “Investors”) in the principal
  evidence_url: https://www.sec.gov/Archives/edgar/data/1622244/000149315224015982/0001493152-24-015982-index.htm
- Debt Financings
  One World Products, Inc. incurred convertible notes of $300,000 with AJB Capital Investments LLC at 12% per annum maturing January 19, 2025.
  - Instrument: convertible notes
  - Principal: $300,000
  - Counterparty: AJB Capital Investments LLC
  - Rate: 12% per annum
  - Maturity: January 19, 2025
  - Event: incurrence
  source text: of $1,196,000, and (b) AJB Capital Investments LLC, a Delaware limited liability company (“AJB”, and together with SDT, the “Investors”) in the principal amount of $300,000 for a purchase price of $276,000 (collectively, the “Notes”) pursuant to Securities Purchase Agreements between the Company and the Investors, respectively (the “Purchase
  evidence_url: https://www.sec.gov/Archives/edgar/data/1622244/000149315224015982/0001493152-24-015982-index.htm
- Material Agreements
  One World Products, Inc. entered into Securities Purchase Agreements with SDT Equities LLC and AJB Capital Investments LLC valued at principal amount of $1,300,000 and $300,000 (effective 2024-04-19).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: SDT Equities LLC and AJB Capital Investments LLC
  - Value: principal amount of $1,300,000 and $300,000
  - Effective: 2024-04-19
  source text: On April 19, 2024, One World Products, Inc. (the “Company”) completed the sale of a 12% convertible promissory note to each of (a) SDT Equities LLC, a Delaware limited liability company (“SDT”) in the principal amount of $1,300,000 and for a purchase price of $1,196,000, and (b) AJB Capital Investments LLC, a Delaware limited liability company (“AJB”, and together with SDT, the “Investors”) in the principal amount of $300,000 for a purchase price of $276,000 (collectively, the “Notes”) pursuant to Securities Purchase Agreements between the Company and the Investors, respectively (the “Purchase Agreements”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1622244/000149315224015982/0001493152-24-015982-index.htm

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