SNRG SusGlobal Energy Corp.

CIK 0001652539 18 ready 8-Ks latest November 29, 2024, 6:59 PM ET RSS · JSON

Ready 8-Ks 18

Latest filing November 29, 2024, 6:59 PM ET

Top materiality 0.85

Event mix debt ×9 · leadership ×3 · other ×2

Sentiment 2 pos · 6 neg · 10 neu

Executive change recent →

Recent 8-K filings for SNRG

Highest-materiality recent filing

SusGlobal Energy receives default notice on $4.9M promissory notes due to conversion failure

June 15, 2023, 7:59 PM ET debt materiality 0.85 negative item 2.04 ◈ Debt Financings

New default notice on June 8, 2023 because holders could not receive common shares under conversion terms.
Total owed: $4,892,946, comprising $1.3M (Oct 2021 note), $3.168M (March 2022 notes), and $424,946 accrued interest.

Read filing →

November 29, 2024, 6:59 PM ET other materiality 0.30 negative item 5.02 item 9.01 ◈ executive_change

Director Bruce Rintoul disputes statements in prior 8-K; letter filed as exhibit

Bruce Rintoul removed as director on Sept 27, 2024 via shareholder written consent.
October 16, 2024, 7:59 PM ET leadership materiality 0.60 negative item 5.02 item 9.01 ◈ executive_change

SusGlobal shareholders remove director Rintoul; he disputes reasons in letter

Shareholders voted to remove Bruce Rintoul from board effective Sept 27, 2024.
October 3, 2024, 7:59 PM ET leadership materiality 0.55 negative item 5.02 ◈ executive_change

SusGlobal Energy removes director Bruce Rintoul over failure to facilitate deal and refusal to provide financing

Shareholders voted to remove Bruce Rintoul from board effective immediately via written consent.
June 15, 2023, 7:59 PM ET debt materiality 0.85 negative item 2.04 ◈ Debt Financings

SusGlobal Energy receives default notice on $4.9M promissory notes due to conversion failure

New default notice on June 8, 2023 because holders could not receive common shares under conversion terms.
April 3, 2023, 7:59 PM ET debt materiality 0.65 positive item 1.01 item 9.01 ◈ Material Agreements ×3

SusGlobal Energy settles $3.8M debt via escrow for ~$1.1M, eliminating Alterna obligations

Owed $3,812,765 (CAD$5,195,274) to Alterna; deposited $917,364 (CAD$1,250,000) plus a $203,164 (CAD$276,831) letter of credit into escrow.
February 24, 2023, 6:59 PM ET leadership materiality 0.40 neutral item 5.02 item 9.01 ◈ executive_change

SusGlobal Energy appoints former Veolia SVP Bruce Rintoul to Board of Directors

Bruce Rintoul appointed to Board effective Feb 18, 2023; also joins Governance and Compensation Committees.
January 5, 2023, 6:59 PM ET debt materiality 0.55 neutral item 1.01 item 2.03 ◈ Debt Financings ×2◈ Material Agreements ×2

SusGlobal Energy extends two promissory notes, issues 1.62M shares as consideration

October 2021 note (~$322k) maturity extended to July 2023; conversion price changed to 35% discount to lowest bid.
September 29, 2022, 7:59 PM ET other materiality 0.40 neutral item 4.01 item 9.01

SusGlobal Energy Corp. replaces auditor MNP with M&K CPAS after MNP's resignation

MNP LLP resigned as independent auditor effective Sept 23, 2022; Board accepted.
September 21, 2022, 7:59 PM ET debt materiality 0.75 negative item 1.01 item 2.03 item 9.01

SusGlobal Energy amends defaulted promissory notes; principal increased 10%, maturity extended to Nov 2022

Default on promissory notes due Aug 15, 2022 cured by Amendment on Sep 15, 2022.
June 30, 2022, 7:59 PM ET debt materiality 0.70 negative item 1.01 item 2.03 item 3.02 item 9.01

SusGlobal Energy issues $1.2M convertible note with $120K OID and 1.33M commitment shares

Entered SPA with AJB Capital Investments for 10% unsecured convertible note, principal $1.2M, net proceeds $1.08M after $120K OID.
March 25, 2022, 7:59 PM ET other material materiality 0.55 neutral item 5.07

SusGlobal Energy shareholders approve reverse stock split at ratio of 1-for-2 to 1-for-5

49,369,652 votes for, 25,000 against; over 51% of outstanding shares voted in favor.
March 15, 2022, 7:59 PM ET debt materiality 0.60 neutral item 1.01 item 2.03 item 3.02 item 9.01

SusGlobal Energy issues $2M convertible notes with 25% OID, netting ~$1.5M

Entered into SPAs for $2M principal of 25% OID convertible notes; net proceeds ~$1.5M after $500K OID.
February 1, 2022, 6:59 PM ET other material materiality 0.30 neutral item 5.02

SusGlobal Energy enters CFO consulting agreement with Ike Makrimichalos, effective Jan 1, 2022

Monthly fee of CAD$10,000 plus HST for CFO services; 12-month term effective January 1, 2022.
December 14, 2021, 6:59 PM ET litigation materiality 0.60 neutral item 1.01

SusGlobal Energy settles litigation with former CEO; shares returned, complaint withdrawn

Company pays C$347,500 (~US$275k) to Hamaliuk and Landfill Gas Canada Ltd.; 2,011,500 shares returned for cancellation.
December 8, 2021, 6:59 PM ET debt materiality 0.60 neutral item 1.01 item 2.03 item 3.02 item 9.01

SusGlobal Energy issues $350K convertible note to AJB Capital for litigation settlement

Entered into securities purchase agreement with AJB Capital Investments for a 10% convertible promissory note with principal amount of $350,000, purchase price $315,000.
November 9, 2021, 6:59 PM ET debt materiality 0.60 neutral item 1.01 item 2.03 item 3.02 item 9.01

SusGlobal Energy issues $1.5M convertible notes with 30% discount to future IPO price

Aggregate principal of $1,765,120 includes $265,120 original issue discount; net proceeds $1.5M.
August 23, 2021, 7:59 PM ET M&A materiality 0.75 positive item 2.01 item 8.01 item 9.01

SusGlobal closes purchase of Hamilton facility for US$3.56M; 65,884 MT annual capacity

Purchase price: US$3,564,900 (C$4,500,000) including vendor take-back mortgage of US$1,584,400 (C$2,000,000) at 2% interest for two years.
August 20, 2021, 7:59 PM ET debt materiality 0.55 neutral item 1.01 item 2.03 item 9.01

SusGlobal Energy increases mortgage by C$1.9M to C$5.2M, extends maturity to Sep 2022

Mortgage increased by C$1,900,000 (USD $1,532,920) to total C$5,200,000 (USD $4,195,360).

Executive changes

Departed

Bruce Rintoul

Director

SNRG · SusGlobal Energy Corp.

Effective: 2024-09-27
Filed: November 29, 2024, 6:59 PM ET

on September 27, 2024, a majority of the shareholders of SusGlobal Energy Corp. (the "Company") acting via written consent in lieu of a special meeting, in compliance with Article 1 Section 9 of the Company's bylaws, voted to approve the removal of Bruce Rintoul from his position as a member of the board of directors of the Company (the "Board"), effective immediately.

Departed

Bruce Rintoul

member of the board of directors

SNRG · SusGlobal Energy Corp.

Effective: 2024-09-27
Filed: October 16, 2024, 7:59 PM ET

voted to approve the removal of Bruce Rintoul from his position as a member of the board of directors of the Company (the "Board"), effective immediately.

Departed

Bruce Rintoul

Director

SNRG · SusGlobal Energy Corp.

Effective: 2024-09-27
Filed: October 3, 2024, 7:59 PM ET

On September 27, 2024, a majority of the shareholders of SusGlobal Energy Corp. (the "Company") acting via written consent in lieu of a special meeting, in compliance with Article 1 Section 9 of the Company's bylaws, voted to approve the removal of Bruce Rintoul from his position as a member of the board of directors of the Company (the "Board"), effective immediately.

Appointed

Bruce Rintoul

Director

SNRG · SusGlobal Energy Corp.

Effective: 2023-02-18
Filed: February 24, 2023, 6:59 PM ET

On February 18, 2023, the Board of Directors (the "Board") of SusGlobal Energy Corp. (the "Company") appointed Bruce Rintoul to the Board and to serve on the Corporate Governance and Nominating Committee and the Compensation Committee of the Board, effective immediately.

Materiality & sentiment trend

Max materiality 0.85 · Median 0.60 · Most common event debt

2 positive 6 negative 10 neutral

source · SNRG on sec.gov