secwatch.observer — SEC 8-K summary
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Issuer:     Grom Social Enterprises, Inc. (—)
CIK:        0001662574
Form:       8-K
Filed at:   2024-04-24T23:59:59+00:00
Accession:  0001683168-24-002665
Event type: other_material
Sentiment:  negative
Materiality: 0.60
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1662574/000168316824002665/0001683168-24-002665-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1662574/000168316824002665/grom_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-24-002665

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