secwatch.observer — SEC 8-K summary
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Issuer:     Tego Cyber, Inc. (TGCB)
CIK:        0001815632
Form:       8-K
Filed at:   2022-07-19T23:59:59+00:00
Accession:  0001654954-22-009807
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Tego Cyber enters $150K convertible note with Bigger Capital Fund for working capital
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- Total debt of $150,000 ($135,000 net after $15,000 original issue discount) from Bigger Capital Fund, LP.
- Note bears 10% interest, due Jan 12, 2023, with a 6-month extension at 15% interest.
- Convertible into common stock after 180 days at the lower of lowest trading price in prior 20 days.
- Company reserved 1,200,000 shares for potential conversion of debt.
- Securities issued in exempt transaction under Rule 506(b); proceeds for working capital.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1815632/000165495422009807/0001654954-22-009807-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1815632/000165495422009807/tgcb_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-22-009807

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