secwatch.observer — SEC 8-K summary
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Issuer:     Datacentrex, Inc. (DTCX)
CIK:        0001853825
Form:       8-K
Filed at:   2022-09-27T23:59:59+00:00
Accession:  0001903596-22-000611
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 3.02, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Thumzup raises $740,000 via Series A Preferred sale to four accredited investors
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- Sold 16,446 shares of Series A Preferred at $45/share for gross proceeds of $740,000 to four accredited investors.
- Each Series A share converts into 15 common shares (reference rate $3/share); carries $3.50/share annual dividend payable in cash or kind.
- Conversion capped at 4.99% beneficial ownership (can be waived to 9.99% with 61-day notice); securities unregistered under Rule 506(b).
- Company had 6.3M common shares and no preferred issued prior; also has $215K senior notes convertible at $0.11 due Nov 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1853825/000190359622000611/0001903596-22-000611-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1853825/000190359622000611/sfstzup8k092722.htm
  HTML page:      https://secwatch.observer/filing/0001903596-22-000611

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