secwatch.observer — SEC 8-K summary
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Issuer:     QS Energy, Inc. (QSEP)
CIK:        0001103795
Form:       8-K
Filed at:   2021-12-10T23:59:59+00:00
Accession:  0001683168-21-006245
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

QS Energy issues $270,600 in convertible notes, $246K net proceeds
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- Issued $270,600 principal of Convertible Promissory Notes to accredited and non-US investors from Oct 20 to Dec 9, 2021.
- Net proceeds of $246,000; notes convertible at $0.03 per share; warrants exercisable at $0.04 for 9,019,994 shares.
- Notes mature in 12 months, issued at 110% of commitment; if unpaid at maturity, balance increases 10% and bears 10% interest.
- Proceeds used for general corporate purposes and working capital; securities unregistered, sold under Section 4(a)(2) and Reg S.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1103795/000168316821006245/0001683168-21-006245-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1103795/000168316821006245/qsenergy_i8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-21-006245

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