secwatch.observer — SEC 8-K summary
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Issuer:     BONK, INC. (BNKK)
CIK:        0001760903
Form:       8-K
Filed at:   2025-08-19T23:59:59+00:00
Accession:  0001641172-25-024802
Event type: other_material
Sentiment:  positive
Materiality: 0.65
Item codes: 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Safety Shot amends Series C Preferred conversion price to $1.081, reducing potential dilution
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- Conversion price raised from $0.5582 to $1.081 based on 5-day average closing price before August 9, 2025.
- Shares issuable to institutional investor under Securities Purchase Agreement cut from 62.7M to 32.4M.
- Shares issuable to LetsBonk.fun under Revenue Sharing Agreement cut from 179.1M to 92.5M.
- Amendment effective August 15, 2025; no other changes to Series C Preferred rights.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1760903/000164117225024802/0001641172-25-024802-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1760903/000164117225024802/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001641172-25-024802

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