secwatch.observer — SEC 8-K summary
======================================

Issuer:     QS Energy, Inc. (QSEP)
CIK:        0001103795
Form:       8-K
Filed at:   2024-11-15T23:59:59+00:00
Accession:  0001683168-24-008186
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

QS Energy raises ~$1.05M via convertible notes and warrants; terms dilute existing shareholders
--------------------------------------------------------------------------------

- From May 10 to Nov 14 2024, issued $1,154,000 principal convertible notes and warrants for 38.5M shares, netting $1,049,000.
- Notes due 12 months, convertible at $0.03/share; warrants exercisable at $0.04/share for one year.
- Proceeds used for general corporate purposes and working capital.
- Notes issued at 110% face value (implied 10% interest); default increases unpaid balance by 10% plus 10% interest.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1103795/000168316824008186/0001683168-24-008186-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1103795/000168316824008186/qsenergy_i8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-24-008186

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