secwatch.observer — SEC 8-K summary
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Issuer:     WORLD HEALTH ENERGY HOLDINGS, INC. (WHEN)
CIK:        0000943535
Form:       8-K
Filed at:   2024-07-08T23:59:59+00:00
Accession:  0001493152-24-026471
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

WHEN issues 25B shares for perpetual license to IHQ Edge SDK; uplisting target by June 2025
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- Issued 25,038,272,832 shares (4.8% post-issuance) to Intent HQ for perpetual, royalty-free license to Edge SDK.
- Lock-up for 12 months; automatically canceled if uplisting to NYSE, NASDAQ, or CBOE occurs by June 28, 2025.
- WHEN may pay $5 million cash instead to retain license and return shares.
- If uplisting not achieved by target, IHQ can terminate and return shares, or WHEN may start monthly payments.
- Marketing advisory fee of 15% on funds raised above redacted target during 18-month period.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/943535/000149315224026471/0001493152-24-026471-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/943535/000149315224026471/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-026471

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