Globe Net Wireless receives $1.4M investment from Sharing Services Global via convertible note

Stemtech Corp

Company issued $1.4M convertible promissory note to Sharing Services Global (SHRG) at 10% interest, matures Sept 9, 2024.
Conversion price set at $3.2431 per share based on 30-day VWAP; also issued 1.4M warrants with three-year term.
Proceeds to be used for working capital and capital expenditures.
SHRG appoints its CEO John 'JT' Thatch to GNTW's board as part of the agreement.

item 1.01 item 5.02 item 9.01

Executive movements

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Appointed

John 'JT' Thatch

Director

STEK · Stemtech Corp

Filed: September 21, 2021, 7:59 PM ET

As such, Mr. John “JT” Thatch, CEO of Sharing Services, put forth his name as their candidate to join our Board, and the Board enthusiastically approved the same.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

John 'JT' Thatch was appointed as Director at Stemtech Corp.

Action: appointed
Role: Director

Exact text from the filing

As such, Mr. John “JT” Thatch, CEO of Sharing Services, put forth his name as their candidate to join our Board, and the Board enthusiastically approved the same.

View on SEC.gov

Stemtech Corp filing history →

Source: SEC EDGAR

accession 0001683168-21-004363

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