secwatch.observer — SEC 8-K summary
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Issuer:     WASTE ENERGY CORP. (WAST)
CIK:        0001515139
Form:       8-K
Filed at:   2026-08-31T10:02:50+00:00
Accession:  0001493152-26-040683
Event type: other_material
Sentiment:  neutral
Materiality: 0.80
Item codes: 3.02, 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Waste Energy grants CEO's 221 Cap 15M shares, $240k/yr fee; seeks 4x authorized share increase
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- Agreement with 221 Cap (CEO Scott Gallagher's entity) effective 9/1/26: $240k annual fee, performance bonus up to $200k, 15M restricted shares vesting over 3 years.
- Board approves conversion of $37,500 owed to Gallagher into 7.5M shares and $30,000 owed to McBride into 6M shares at $0.005/share.
- Proposal to increase authorized common shares from 400M to 1.6B; stockholder written consent solicited.
- Correction: preliminary consent statement had McBride conversion at $27,500/5.5M shares; corrected to $30,000/6M shares.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1515139/000149315226040683/0001493152-26-040683-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1515139/000149315226040683/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-040683

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