secwatch.observer — SEC 8-K summary
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Issuer:     Tego Cyber, Inc. (TGCB)
CIK:        0001815632
Form:       8-K
Filed at:   2022-07-15T23:59:59+00:00
Accession:  0001654954-22-009743
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Tego Cyber raises $300,000 in convertible note financing from AJB Capital Investments at 10% interest
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- Total debt of $300,000; net proceeds $270,000 after $30,000 original issue discount.
- Note bears 10% interest, matures Jan. 12, 2023, extendable six months at 15%.
- Convertible after 180 days at variable price based on lowest trading price over prior 20 days.
- Company reserved 2,400,000 shares for potential conversion of debt.
- Securities issued under Rule 506(b) exemption; no public offering or solicitation.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1815632/000165495422009743/0001654954-22-009743-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1815632/000165495422009743/tgcb_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-22-009743

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