secwatch.observer — SEC 8-K summary
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Issuer:     AIxCrypto Holdings, Inc. (AIXC)
CIK:        0001460702
Form:       8-K
Filed at:   2024-07-15T23:59:59+00:00
Accession:  0001493152-24-027217
Event type: debt
Sentiment:  negative
Materiality: 0.75
Item codes: 1.01, 5.02, 2.03, 5.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Qualigen issues $2M senior note at 18%, replaces four directors
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- Issued $2M senior note to Corbo Capital Inc., due July 8, 2025, with 18% annual interest, unsecured, non-convertible.
- Directors Richard David, Sidney Emery, Kurt Kruger, Ira Ritter resigned; Campbell Becher, Robert Lim, Cody Price appointed.
- Warrant partially exercised; outstanding common shares now 12,155,830.
- Note requires partial prepayments from percentage of future financings; principal and interest due at maturity.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1460702/000149315224027217/0001493152-24-027217-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1460702/000149315224027217/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-027217

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