secwatch.observer — SEC 8-K summary
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Issuer:     QS Energy, Inc. (QSEP)
CIK:        0001103795
Form:       8-K
Filed at:   2024-05-10T23:59:59+00:00
Accession:  0001683168-24-003224
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

QS Energy raises $181K via convertible notes and warrants in private placement
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- Issued $199,000 principal amount convertible notes and warrants to purchase 3,980,900 shares.
- Net proceeds of $181,000 used for general corporate purposes and working capital.
- Notes convertible at $0.05 per share; warrants exercisable at $0.07 per share for one year.
- Notes are due in 12 months, bear no interest unless unpaid at maturity, then 10% interest.
- Offered to accredited U.S. and non-U.S. investors under Section 4(a)(2) and Regulation S.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1103795/000168316824003224/0001683168-24-003224-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1103795/000168316824003224/qsenergy_i8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-24-003224

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