secwatch.observer — SEC 8-K summary
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Issuer:     Tego Cyber, Inc. (TGCB)
CIK:        0001815632
Form:       8-K
Filed at:   2022-10-17T23:59:59+00:00
Accession:  0001654954-22-013810
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 enters $75K convertible debt financing with Bigger Capital; 10% interest, convertible after 180 days
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- Received $67,500 net from $75,000 principal note with $7,500 original issue discount.
- Note matures April 13, 2023, interest rate 10% (18% if extended up to 6 months).
- Convertible into common stock after 180 days at lower of lowest trading price in prior 20 trading days.
- Reserved 1,000,000 shares for potential conversion; warrant also issued per exhibit.
- Issued under Section 4(a)(2) and Rule 506(b) as exempt transaction without underwriter.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1815632/000165495422013810/0001654954-22-013810-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1815632/000165495422013810/tgcb_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-22-013810

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