secwatch.observer — SEC 8-K summary
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Issuer:     QS Energy, Inc. (QSEP)
CIK:        0001103795
Form:       8-K
Filed at:   2025-06-20T23:59:59+00:00
Accession:  0001683168-25-004635
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

QS Energy raises $2.29M via convertible notes and warrants for working capital and CEO bonus
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- Issued $2,514,000 face amount convertible notes at 110% of investment; net proceeds $2,285,000.
- Notes convertible at $0.08/share; warrants exercisable at $0.10/share for 1 year to purchase 31,423,615 shares.
- Proceeds used for general corporate purposes, including CEO/CFO Cecil Bond Kyte retention bonus of $1,557,500 ($519,167 unconditional).
- Offering made to accredited US and non-US investors without registration, relying on Section 4(a)(2) and Regulation S.
- Maturity 12 months from issuance; unpaid balance increases 10% and bears 10% interest if not paid on time.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1103795/000168316825004635/0001683168-25-004635-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1103795/000168316825004635/qsenergy_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-25-004635

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