Highest-materiality recent filing
QS Energy enters exclusive distributor deal with VIPS Petroleum for AOT units in 13 countries
Initial order for 5 AOT units at $5M each ($25M total); 15% post-sale rebate ($750K/unit).
QS Energy raises $2.29M via convertible notes and warrants for working capital and CEO bonus
Issued $2,514,000 face amount convertible notes at 110% of investment; net proceeds $2,285,000.
Base salary $420k/year ($35k/month); term 1 year, auto-renewing unless notice by Dec 1.
QS Energy increases authorized common shares from 500M to 750M
Certificate of Amendment filed with Nevada Secretary of State on February 14, 2025.
QS Energy shareholders elect directors, approve increase in authorized shares to 750M
Eric Bunting (Class II) and Cecil Bond Kyte (Class III) elected to board with >216M votes each.
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.
QS Energy director Don Dickson resigned effective June 3, 2024
Don Dickson voluntarily resigned as a Director and from all committees for personal reasons.
QS Energy raises $181K via convertible notes and warrants in private placement
Issued $199,000 principal amount convertible notes and warrants to purchase 3,980,900 shares.
QS Energy raises $533k via convertible notes and warrants; conversion at $0.05/share
Issued $586,000 principal convertible notes, receiving $533,000 net; notes due in 12 months, convertible at $0.05 per share.
QS Energy raises $393,000 via private placement of convertible notes and warrants
Issued $432,300 principal in convertible notes and warrants for 14.4M shares to accredited and non-U.S. investors.
QS Energy issues $270,600 in convertible notes, $246K net proceeds
Issued $270,600 principal of Convertible Promissory Notes to accredited and non-US investors from Oct 20 to Dec 9, 2021.
QS Energy raises $343k via convertible notes, resolves delayed 10-K filing
Issued $377,300 in convertible notes and warrants to purchase 9,432,500 shares from Nov 2020 to July 2021.
Effective June 3, 2024, Don Dickson voluntarily resigned as a Director of QS Energy, Inc. (the “Company”), and all committees thereof for personal reasons.
Max materiality 0.75 · Median 0.50 · Most common event debt