QS Energy raises $533k via convertible notes and warrants; conversion at $0.05/share

QS Energy, Inc.

Issued $586,000 principal convertible notes, receiving $533,000 net; notes due in 12 months, convertible at $0.05 per share.
Warrants exercisable at $0.07/share for 11,715,748 shares, expiring one year from issuance.
Notes carry implied 10% interest; if unpaid at maturity, balance increases 10% and bears 10% interest.
Proceeds used for general corporate purposes and working capital.

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