secwatch.observer — SEC 8-K summary
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Issuer:     Q/C TECHNOLOGIES, INC. (QCLS)
CIK:        0001321834
Form:       8-K
Filed at:   2024-05-21T23:59:59+00:00
Accession:  0001493152-24-020828
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 3.02, 3.03, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MyMD raises $13.9M via Series G & F-1 preferred stock and warrants
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- Gross proceeds of $8.9M (Series G) and $5.0M (Series F-1) from private placement of convertible preferred and warrants at $1.816/share.
- Series G preferred pays 10% dividend (15% on trigger), redeemable at company's option. Series F-1 mandatory redemption in 8 monthly installments from Oct 2024.
- Existing Series F preferred maturity extended to Dec 31, 2024, and installment schedule amended via omnibus waiver and amendment.
- Company must hold stockholder meeting by Aug 1, 2024, to approve issuance >19.99% of outstanding shares and increase authorized shares.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1321834/000149315224020828/0001493152-24-020828-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1321834/000149315224020828/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-020828

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