secwatch.observer — SEC 8-K summary
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Issuer:     Ocean Thermal Energy Corp (CPWR)
CIK:        0000827099
Form:       8-K
Filed at:   2026-07-10T12:31:40+00:00
Accession:  0001654954-26-006603
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 3.02, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ocean Thermal Energy sells two Series E Preferred shares for $20k, authorizes up to 150 shares
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- Sold two Series E Preferred shares at $10,000 each to two private investors, exempt under Section 4(a)(2) and Regulation D.
- Board authorized up to 150 Series E Preferred shares with $10,000 liquidation value and 8% cumulative dividend payable in cash or common stock.
- Conversion triggers: PPA or commercial contract, change of control, or significant public offering; conversion at 0.5x 10-day VWAP.
- Company may redeem Preferred Shares after two years; limited voting rights on senior shares, term changes, redemption, or bankruptcy.
- Proceeds to fund operations and strengthen balance sheet.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/827099/000165495426006603/0001654954-26-006603-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/827099/000165495426006603/cpwr_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-26-006603

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