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

Issuer:     CoJax Oil & Gas Corp (CJAX)
CIK:        0001763925
Form:       8-K
Filed at:   2021-11-22T23:59:59+00:00
Accession:  0001763925-21-000020
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CoJax Oil exchanges $2.7M promissory note for 1.35M shares; holder now 24.8% owner
--------------------------------------------------------------------------------

- Issued 1,350,000 shares at $2.00 per share to discharge $2.7M total debt held by Central Operating, LLC.
- Full retirement of Second Amended and Restated Promissory Note due April 30, 2022.
- Holder became beneficial owner of approximately 24.8% of outstanding common stock.
- Shares issued in reliance on Section 4(a)(2) exemption; restricted securities with legends.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1763925/000176392521000020/0001763925-21-000020-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1763925/000176392521000020/cjax_8k_debtexch_11-16-2021.htm
  HTML page:      https://secwatch.observer/filing/0001763925-21-000020

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