---
schema_version: "secwatch.filing_event.v1"
accession: "0001683168-24-002665"
form_type: "8-K"
ticker: null
cik: "0001662574"
company_name: "Grom Social Enterprises, Inc."
filed_at: "2024-04-24T23:59:59+00:00"
generated_at: "2026-06-03T09:42:21.629020+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Grom amends financing deals; adds reverse stock split trigger at $0.25 and note conversion floor of $0.17

## Summary
- Amended March 2024 SPA: put share calculation includes all shares beneficially owned by investor; cashless exercise of March 2024 warrant removed.
- Amended April 2024 SPA: mandatory reverse stock split if closing price below $0.25 for five consecutive trading days.
- Amended April 2024 convertible note: conversion price may not be less than $0.17 per share.
- All amendments executed April 24, 2024 with investor Generating Alpha Ltd.

## SEC filing metadata
- accession: 0001683168-24-002665
- form_type: 8-K
- cik: 0001662574
- company_name: Grom Social Enterprises, Inc.
- filed_at: 2024-04-24T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1662574/000168316824002665/0001683168-24-002665-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1662574/000168316824002665/grom_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-24-002665
- JSON: https://secwatch.observer/filing/0001683168-24-002665.json
- Plain text: https://secwatch.observer/filing/0001683168-24-002665.txt

## Key facts
- Material Agreements
  Grom Social Enterprises, Inc. amended April 2024 Note Amendment with Generating Alpha Ltd. (effective 2024-04-24).
  - Action: amendment
  - Agreement: notes offering
  - Counterparty: Generating Alpha Ltd.
  - Effective: 2024-04-24
  source text: In connection with the April 2024 SPA Amendment, the Company entered into an amendment (the “ April 2024 Note Amendment ”) to the convertible promissory note dated April 4, 2024 issued to the Investor in connection with the April 2024 SPA (as amended on April 24, 2024, the “ April 2024 Note ”) with the Investor pursuant to which in no event shall the conversion price be less than $0.17.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1662574/000168316824002665/0001683168-24-002665-index.htm
- Material Agreements
  Grom Social Enterprises, Inc. amended April 2024 SPA Amendment with Generating Alpha Ltd. (effective 2024-04-24).
  - Action: amendment
  - Agreement: equity purchase
  - Counterparty: Generating Alpha Ltd.
  - Effective: 2024-04-24
  source text: On April 24, 2024, the Company entered into a first amendment agreement (the “ April 2024 SPA Amendment ”) to the securities purchase agreement dated April 1, 2024 (as amended on April 24, 2024, the “ April 2024 SPA ”) with the Investor pursuant to which the Company shall promptly effect a reverse stock split in the event that the closing price of Common Stock falls below $0.25 per share for a period of five consecutive trading days.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1662574/000168316824002665/0001683168-24-002665-index.htm
- Material Agreements
  Grom Social Enterprises, Inc. amended Omnibus Amendment Agreement with Generating Alpha Ltd. (effective 2024-04-24).
  - Action: amendment
  - Agreement: equity purchase
  - Counterparty: Generating Alpha Ltd.
  - Effective: 2024-04-24
  source text: On April 24, 2024, Grom Social Enterprises, Inc., a Florida corporation (the “ Company ”), entered into an omnibus amendment agreement (the “ Omnibus Amendment Agreement ”) with Generating Alpha Ltd., a Saint Kitts and Nevis Corporation (the “ Investor ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1662574/000168316824002665/0001683168-24-002665-index.htm

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