MetaWorks Platforms Files 8-K on Equity Sales
Ticker: WAST · Form: 8-K · Filed: Jul 5, 2024 · CIK: 1515139
| Field | Detail |
|---|---|
| Company | Metaworks Platforms, Inc. (WAST) |
| Form Type | 8-K |
| Filed Date | Jul 5, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $90,000, $115,200, $19,200 |
| Sentiment | neutral |
Sentiment: neutral
Topics: equity-sale, unregistered-securities, company-name-change
TL;DR
MetaWorks sold unregistered equity, watch for dilution.
AI Summary
On July 5, 2024, MetaWorks Platforms, Inc. filed an 8-K report detailing unregistered sales of equity securities. The company, formerly known as CurrencyWorks Inc., ICOX INNOVATIONS INC., and AppCoin Innovations Inc., is incorporated in Nevada and headquartered in Fairfield, CA.
Why It Matters
This filing indicates potential dilution for existing shareholders due to the issuance of new equity, which could impact the stock price.
Risk Assessment
Risk Level: medium — Unregistered equity sales can signal financial distress or a need for capital, potentially leading to dilution and increased risk for investors.
Key Players & Entities
- MetaWorks Platforms, Inc. (company) — Registrant
- CurrencyWorks Inc. (company) — Former Company Name
- ICOX INNOVATIONS INC. (company) — Former Company Name
- AppCoin Innovations Inc. (company) — Former Company Name
- Nevada (jurisdiction) — State of Incorporation
- Fairfield, CA (location) — Principal Executive Offices
FAQ
What type of equity securities were sold?
The filing states 'Unregistered Sales of Equity Securities' but does not specify the type of securities in the provided text.
Were these sales to accredited investors?
The filing mentions 'Unregistered Sales of Equity Securities,' which implies they were not registered with the SEC, but does not explicitly state the nature of the purchasers.
What is the purpose of these unregistered equity sales?
The provided text does not specify the purpose behind the unregistered sales of equity securities.
When did the company change its name from CurrencyWorks Inc.?
The company changed its name from CurrencyWorks Inc. on September 5, 2019.
What is MetaWorks Platforms, Inc.'s fiscal year end?
MetaWorks Platforms, Inc.'s fiscal year ends on December 31.
Filing Stats: 662 words · 3 min read · ~2 pages · Grade level 12.3 · Accepted 2024-07-05 16:34:29
Key Financial Figures
- $90,000 — he "Holder") to raise a net amount of US$90,000, pursuant to the terms and subject to t
- $115,200 — e Promissory Note is in the amount of US$115,200, is unsecured and matures on May 15, 20
- $19,200 — d to an original issuance discount of US$19,200. The Promissory Note bears interest at
Filing Documents
- form8-k.htm (8-K) — 36KB
- 0001493152-24-026376.txt ( ) — 198KB
- mwrk-20240705.xsd (EX-101.SCH) — 3KB
- mwrk-20240705_lab.xml (EX-101.LAB) — 33KB
- mwrk-20240705_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 July 5 th , 2024