secwatch.observer — SEC 8-K summary
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Issuer:     KwikClick, Inc. (KWIK)
CIK:        0001884164
Form:       8-K
Filed at:   2024-09-16T23:59:59+00:00
Accession:  0001683168-24-006418
Event type: other_material
Sentiment:  neutral
Materiality: 0.35
Item codes: 3.02
LLM model:  deepseek-v4-flash:cloud@v2

KwikClick raises $500K via unregistered sale of common stock and SARs
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- Sold 2,500,000 common shares at $0.20/share and 2,500,000 SARs to one non-affiliate for $500,000 total cash.
- SARs vest in six months, expire in seven years, and can be exercised only for shares based on appreciation over $0.20 base price.
- SARs are non-transferable, with accelerated vesting upon death/disability and 90-day post-termination exercise period.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1884164/000168316824006418/0001683168-24-006418-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1884164/000168316824006418/kwik_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-24-006418

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