secwatch.observer — SEC 8-K summary
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Issuer:     QS Energy, Inc. (QSEP)
CIK:        0001103795
Form:       8-K
Filed at:   2023-10-05T23:59:59+00:00
Accession:  0001683168-23-006970
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1103795/000168316823006970/0001683168-23-006970-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1103795/000168316823006970/qsenergy_i8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-23-006970

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