---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-023940"
form_type: "8-K"
ticker: "WAST"
cik: "0001515139"
company_name: "WASTE ENERGY CORP."
filed_at: "2024-06-14T23:59:59+00:00"
generated_at: "2026-06-01T04:18:23.175300+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# MetaWorks Platforms enters $375K convertible loan at 10%, convertible at $0.025/share

## Summary
- $375,000 convertible loan agreement with 10% interest rate, maturing June 11, 2025.
- Conversion price $0.025 per share at holder's option.
- On default, outstanding amount increases by 30% and holder can convert at $0.025.
- Loan issued to one U.S. person under Rule 506/Section 4(a)(2) exemption.
- No use of proceeds specified in the filing.

## SEC filing metadata
- accession: 0001493152-24-023940
- form_type: 8-K
- ticker: WAST
- cik: 0001515139
- company_name: WASTE ENERGY CORP.
- filed_at: 2024-06-14T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 3.02, 7.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1515139/000149315224023940/0001493152-24-023940-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1515139/000149315224023940/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-023940
- JSON: https://secwatch.observer/filing/0001493152-24-023940.json
- Plain text: https://secwatch.observer/filing/0001493152-24-023940.txt

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