secwatch.observer — SEC 8-K summary
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Issuer:     Tego Cyber, Inc. (TGCB)
CIK:        0001815632
Form:       8-K
Filed at:   2022-07-20T23:59:59+00:00
Accession:  0001654954-22-009852
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Tego Cyber raises $135K net via convertible note with 10% interest and variable conversion price
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- Entered funding transaction with District 2 Capital Fund LP for $150,000 ($135,000 net) via promissory note with $15,000 OID.
- Note carries 10% interest, matures January 12, 2023, with possible 6-month extension at 15% interest.
- Convertible after 180 days at lower of lowest trading price in prior 20 trading days; 1.2M shares reserved.
- Proceeds used for working capital; issuances exempt under Rule 506(b) and Section 4(a)(2).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1815632/000165495422009852/0001654954-22-009852-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1815632/000165495422009852/tgcb_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-22-009852

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