secwatch.observer — SEC 8-K summary
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Issuer:     TOMI Environmental Solutions, Inc. (TOMZ)
CIK:        0000314227
Form:       8-K
Filed at:   2023-11-07T23:59:59+00:00
Accession:  0001654954-23-013878
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

TOMI issues $2.6M in 12% convertible notes; up to $5M total available
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- Issued $2.6M of 12% convertible notes due in 5 years; aggregate principal capacity of $5M.
- Notes convertible at $1.25/share (cap $1.55); company can force conversion if stock ≥$1.55 for 20 of 30 days.
- Net proceeds used for working capital and general corporate purposes.
- Registration Rights Agreement requires filing resale registration statement within 60 days of initial closing.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/314227/000165495423013878/0001654954-23-013878-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/314227/000165495423013878/tomz_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-23-013878

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