secwatch.observer — SEC 8-K summary
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Issuer:     Tego Cyber, Inc. (TGCB)
CIK:        0001815632
Form:       8-K
Filed at:   2022-10-18T23:59:59+00:00
Accession:  0001654954-22-013853
Event type: debt
Sentiment:  neutral
Materiality: 0.30
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Tego Cyber enters $75,000 convertible note with warrant from District 2 Capital
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- Net proceeds of $67,500 after $7,500 original issue discount; principal $75,000.
- Note due April 13, 2023, bearing 10% interest (18% if extended up to 6 months).
- Convertible after 180 days at the lower of the lowest trading price in prior 20 days.
- 1,000,000 shares of common stock reserved for potential conversion.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1815632/000165495422013853/0001654954-22-013853-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1815632/000165495422013853/tgcb_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-22-013853

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