secwatch.observer — SEC 8-K summary
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Issuer:     ESG Inc. (ESGH)
CIK:        0001883835
Form:       8-K
Filed at:   2025-08-08T23:59:59+00:00
Accession:  0001520138-25-000246
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 2.03, 3.02, 4.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ESG Inc. issues $275K convertible note to Labrys Fund II; changes auditor from Prager Metis to Boladale Lawal
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- Entered securities purchase agreement with Labrys Fund II for $275K convertible note, net cash proceeds of $250K after fees.
- Note bears 10% interest, matures in 12 months; convertible at 90% of lowest closing bid price over prior 10 trading days.
- Issued warrant to purchase 45,833 shares at $6.00 per share as additional consideration.
- Terminated Prager Metis CPAs, LLC as auditor on August 7, 2025; hired Boladale Lawal & Co. same day.
- Prior audit report for FY2024 included a going concern explanatory paragraph; no disagreements with former auditor.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1883835/000152013825000246/0001520138-25-000246-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1883835/000152013825000246/esg-20250808_8k.htm
  HTML page:      https://secwatch.observer/filing/0001520138-25-000246

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