secwatch.observer — SEC 8-K summary
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Issuer:     Odyssey Health, Inc. (ODYY)
CIK:        0001626644
Form:       8-K
Filed at:   2023-08-18T23:59:59+00:00
Accession:  0001683168-23-005902
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Odyssey Health issues $500K convertible note with warrants tied to Spinco IPO
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- Note purchase agreement with two accredited investors for $500,000 principal amount.
- Note due 12 months from execution or upon completion of a Senior Exchange Listing of Spinco.
- 12% annual interest; convertible into Spinco common stock at 70% of Spinco's IPO price.
- Warrants permit purchase of 200% of loan amount divided by Spinco IPO price.
- Proceeds to fund uplist pursuit, legal, and general working capital.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1626644/000168316823005902/0001683168-23-005902-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1626644/000168316823005902/odyssey_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-23-005902

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