secwatch.observer — SEC 8-K summary
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Issuer:     Dalrada Technology Group, Inc. (DHTI)
CIK:        0000725394
Form:       8-K
Filed at:   2022-02-09T23:59:59+00:00
Accession:  0001683168-22-000757
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Dalrada Financial enters $3M convertible note agreement with YA II PN
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- Issued $2M initial convertible debenture to YA II PN, with $1M second tranche upon SEC registration.
- Fixed conversion price $0.9151 per share; 5% annual interest; 15-month maturity.
- Monthly redemption starting May 2022: principal plus 20% premium and accrued interest.
- Warrants for 983,499 shares exercisable at $0.9151 for 4 years; cashless provision included.
- Company may redeem at 20% premium if stock trades below conversion price.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/725394/000168316822000757/0001683168-22-000757-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/725394/000168316822000757/dalrada_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-22-000757

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer