secwatch.observer — SEC 8-K summary
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Issuer:     Tego Cyber, Inc. (TGCB)
CIK:        0001815632
Form:       8-K
Filed at:   2022-10-14T23:59:59+00:00
Accession:  0001654954-22-013748
Event type: debt
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Tego Cyber enters $150K convertible note with AJB Capital; due April 2023
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- Gross proceeds $150K, net $135K after $15K original issue discount.
- Promissory note bears 10% interest, matures April 13, 2023, extendable 6 months at 18%.
- Note convertible into common stock after 180 days at variable price based on lowest trading price.
- Company reserved 2,000,000 shares for potential conversion.
- Proceeds used for working capital.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1815632/000165495422013748/0001654954-22-013748-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1815632/000165495422013748/tgcb_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-22-013748

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