secwatch.observer — SEC 8-K summary
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Issuer:     WASTE ENERGY CORP. (WAST)
CIK:        0001515139
Form:       8-K
Filed at:   2024-06-14T23:59:59+00:00
Accession:  0001493152-24-023940
Event type: debt
Sentiment:  neutral
Materiality: 0.35
Item codes: 3.02, 7.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1515139/000149315224023940/0001493152-24-023940-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1515139/000149315224023940/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-023940

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