secwatch.observer — SEC 8-K summary
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Issuer:     CalEthos, Inc. (GEDC)
CIK:        0001174891
Form:       8-K
Filed at:   2026-04-29T23:59:59+00:00
Accession:  0001493152-26-019595
Event type: debt
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CalEthos secures $16M promissory note from director-related entity, issues warrant for 6M shares at $0.50
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- Issued $16M promissory note (8% interest, due Dec 31, 2028) and warrant for 6M shares at $0.50 to SFO IDF LLC, an entity owned by trust for director Sean Fontenot's family.
- Proceeds of $15M new loan will fund Raft River Data Center Campus joint venture with GW Finance, including $6M for a letter of credit.
- SFO IDF is entitled to 50% of net proceeds from Phase 1 site sales (expected ~$37.5M), with additional revenue-sharing if shortfall.
- For future phases 2 or 3, CalEthos to pay $10M per 300MW of construction-ready sites sold or leased.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1174891/000149315226019595/0001493152-26-019595-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1174891/000149315226019595/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-019595

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