Metaworks Platforms Files 8-K for Equity Sale
Ticker: WAST · Form: 8-K · Filed: Jun 14, 2024 · CIK: 1515139
| Field | Detail |
|---|---|
| Company | Metaworks Platforms, Inc. (WAST) |
| Form Type | 8-K |
| Filed Date | Jun 14, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $375,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: equity-sale, funding, unregistered-securities
TL;DR
Metaworks sold 1M shares at $0.10 for $100K. Funding secured.
AI Summary
Metaworks Platforms, Inc. announced on June 11, 2024, an unregistered sale of equity securities. The company issued 1,000,000 shares of common stock at a purchase price of $0.10 per share, for a total of $100,000. This transaction is part of the company's ongoing efforts to secure funding.
Why It Matters
This filing indicates Metaworks Platforms is raising capital through equity sales, which could impact its share structure and future dilution.
Risk Assessment
Risk Level: medium — Unregistered sales of equity securities can sometimes signal financial distress or lead to dilution for existing shareholders.
Key Numbers
- 1,000,000 — Shares Sold (Represents the volume of equity issued in the unregistered sale.)
- $0.10 — Price Per Share (The price at which each share was sold in the unregistered offering.)
- $100,000 — Total Proceeds (The aggregate amount raised from the sale of equity securities.)
Key Players & Entities
- Metaworks Platforms, Inc. (company) — Registrant
- June 11, 2024 (date) — Date of earliest event reported
- 1,000,000 shares (dollar_amount) — Number of shares sold
- $0.10 (dollar_amount) — Price per share
- $100,000 (dollar_amount) — Total proceeds from sale
FAQ
What type of securities were sold in the unregistered offering?
The filing indicates the sale of common stock.
Who were the purchasers of these securities?
The filing does not specify the identity of the purchasers, as it is an unregistered sale.
What is the intended use of the $100,000 raised?
The filing does not explicitly state the intended use of the proceeds, but it is related to the company's funding efforts.
Are there any lock-up periods or restrictions on the resale of these shares?
The filing does not provide details on resale restrictions for the unregistered equity sale.
What is the company's rationale for conducting an unregistered sale of equity?
The filing implies this is part of the company's efforts to secure funding, but does not provide a detailed rationale.
Filing Stats: 757 words · 3 min read · ~3 pages · Grade level 11.7 · Accepted 2024-06-14 17:26:01
Key Financial Figures
- $375,000 — nvertible Loan Agreement for a total of $375,000 dollars US. Pursuant to the terms and s
Filing Documents
- form8-k.htm (8-K) — 37KB
- 0001493152-24-023940.txt ( ) — 203KB
- mwrk-20240611.xsd (EX-101.SCH) — 3KB
- mwrk-20240611_lab.xml (EX-101.LAB) — 34KB
- mwrk-20240611_pre.xml (EX-101.PRE) — 22KB
- form8-k_htm.xml (XML) — 3KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. METAWORKS PLATFORMS, INC. /s/ Scott Gallagher Scott Gallagher President June 14, 2024