debt
confidence high
sentiment neutral
materiality 0.40
QS Energy raises $343k via convertible notes, resolves delayed 10-K filing
QS Energy, Inc.
- Issued $377,300 in convertible notes and warrants to purchase 9,432,500 shares from Nov 2020 to July 2021.
- Net proceeds of $343,000 used for working capital and to pay past-due auditors; notes convert at $0.02/share.
- Audit for FY 2020 completed July 22, 2021; 10-K filed same day, resolving earlier delay.
- Q1 2021 Form 10-Q remains delinquent; company expects to file by Aug 19, 2021.