---
schema_version: "secwatch.filing_event.v1"
accession: "0001683168-24-002155"
form_type: "8-K"
ticker: null
cik: "0001662574"
company_name: "Grom Social Enterprises, Inc."
filed_at: "2024-04-05T23:59:59+00:00"
generated_at: "2026-06-04T01:50:53.959821+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Grom Social enters $650K convertible note financing with Generating Alpha, subject to shareholder approval

## Summary
- $650,000 convertible note sold at $520,000 (20% OID) to Generating Alpha Ltd.; 12% interest, 1-year maturity.
- Note convertible at $0.87/share, or alternate at 80% of lowest 40-day trading price before conversion.
- Warrant issued for 962,962 shares at $0.001/share exercise price; effectively deep in-the-money.
- Transaction requires shareholder approval; voting agreement with certain shareholders to vote in favor.
- EF Hutton acting as placement agent; registration rights agreement to file resale registration within 30 days of closing.

## SEC filing metadata
- accession: 0001683168-24-002155
- form_type: 8-K
- cik: 0001662574
- company_name: Grom Social Enterprises, Inc.
- filed_at: 2024-04-05T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1662574/000168316824002155/0001683168-24-002155-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1662574/000168316824002155/grom_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-24-002155
- JSON: https://secwatch.observer/filing/0001683168-24-002155.json
- Plain text: https://secwatch.observer/filing/0001683168-24-002155.txt

## Key facts
- Material Agreements
  Grom Social Enterprises, Inc. entered into Securities Purchase Agreement with Generating Alpha Ltd. valued at $650,000 (effective 2024-04-01).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: Generating Alpha Ltd.
  - Value: $650,000
  - Effective: 2024-04-01
  source text: On April 1, 2024, Grom Social Enterprises, Inc., a Florida corporation (the “ Company ”), entered into a Securities Purchase Agreement (the “ SPA ”) with Generating Alpha Ltd., a Saint Kitts and Nevis Corporation (the “ Investor ”) pursuant to which the Company has agreed to sell a convertible promissory note of the Company (the “ Note ”), having an initial principal amount of $650,000, for a price of $520,000.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1662574/000168316824002155/0001683168-24-002155-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.