SEC Info  
    Home      Search      My Interests      Help      Sign In      Please Sign In

SusGlobal Energy Corp. – ‘8-K’ for 6/8/23

On:  Wednesday, 6/14/23, at 5:40pm ET   ·   As of:  6/15/23   ·   For:  6/8/23   ·   Accession #:  1062993-23-13567   ·   File #:  0-56024

Previous ‘8-K’:  ‘8-K’ on 4/3/23 for 3/28/23   ·   Latest ‘8-K’:  This Filing

Find Words in Filings emoji
 
  in    Show  and   Hints

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 6/15/23  SusGlobal Energy Corp.            8-K:2       6/08/23   12:204K                                   Newsfile Corp./FA

Current Report   —   Form 8-K

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Current Report -- form8k                            HTML     19K 
 7: R1          Document and Entity Information Document            HTML     44K 
10: XML         IDEA XML File -- Filing Summary                      XML     13K 
 8: XML         XBRL Instance -- form8k_htm                          XML     13K 
 9: EXCEL       IDEA Workbook of Financial Report Info              XLSX      8K 
 3: EX-101.CAL  XBRL Calculations -- susg-20230608_cal               XML      7K 
 4: EX-101.DEF  XBRL Definitions -- susg-20230608_def                XML     61K 
 5: EX-101.LAB  XBRL Labels -- susg-20230608_lab                     XML    125K 
 6: EX-101.PRE  XBRL Presentations -- susg-20230608_pre              XML     65K 
 2: EX-101.SCH  XBRL Schema -- susg-20230608                         XSD     16K 
11: JSON        XBRL Instance as JSON Data -- MetaLinks               22±    31K 
12: ZIP         XBRL Zipped Folder -- 0001062993-23-013567-xbrl      Zip     17K 


‘8-K’   —   Current Report — form8k


This is an HTML Document rendered as filed.  [ Alternative Formats ]



 iX: 
  SusGlobal Energy Corp.: Form 8-K - Filed by newsfilecorp.com  

 i false  i 2023-06-08  i 0001652539  i SusGlobal Energy Corp. 0001652539 2023-06-08 2023-06-08

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
___________________________

FORM  i 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):  i June 8, 2023

SUSGLOBAL ENERGY CORP.
(Exact name of registrant as specified in its charter)

 i Delaware  i 000-56024  i 38-4039116
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)

 i 200 Davenport Road
 i Toronto,  i Ontario,  i Canada  i M5R 1J2
(Address of principal executive offices) (ZIP Code)

Registrant’s telephone number, including area code: ( i 416)  i 223-8500

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 i  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 i  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 i  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 i  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class   Trading Symbols   Name of each exchange on which registered
N/A   N/A   N/A

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b -2 of this chapter).

Emerging growth company  i 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐


Item 2.04 Triggering Events that Accelerate or Increase a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement.

As previously disclosed, SusGlobal Energy Corp. (the "Company") issued promissory notes on October 29, 2021, March 3, 2022, and March 7, 2022 (collectively, the "Promissory Notes"). The October 29, 2021 promissory note was in the principal amount of $1,471,000 and the March 3, 2022 and March 7, 2022 promissory notes had a total principal amount of $2,400,000.

As also previously disclosed, on August 16, 2022, the Company was sent a notice of default from each holder of these Promissory Notes. The defaults were caused by the Promissory Notes not being repaid on or before the August 15, 2022 maturity date of each of the Promissory Notes. The notices of default allowed for a cure period of 5 trading days. On September 15, 2022, the Company and the holders entered into an Amendment to the Promissory Notes (the "Amendment") which served as a cure to the August 2022 issued default notices.

On June 8, 2023, the Company was sent a notice of default from counsel to the holders of these Promissory Notes. The default was caused by the holders of these Promissory Notes not being able to receive shares of the Company's common stock, par value $0.0001 (the "Common Stock") pursuant to the conversion terms of these Promissory Notes. All cure periods available pursuant to the Promissory Notes had expired prior to June 8th.

The October 29, 2021 promissory note now has a principal amount of $1,300,000 (due to previous conversions into shares of Common Stock). The March 3, 2022 and March 7, 2022 promissory notes now have a total principal amount of $3,168,000 and the interest that has accrued on such notes is equal to $424,946.  The Company owes a total of $4,892,946 pursuant to the Promissory Notes. Each of the three promissory notes is now past due.


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.

  SusGlobal Energy Corp.
   
Dated: June 14, 2023 By: /s/ Marc Hazout
    Marc Hazout
Executive Chairman, President and Chief Executive Officer

 


Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘8-K’ Filing    Date    Other Filings
Filed as of:6/15/23
Filed on:6/14/23
For Period end:6/8/23
9/15/228-K
8/16/22NT 10-Q
8/15/22NT 10-Q
3/7/22
3/3/22
10/29/21
 List all Filings 
Top
Filing Submission 0001062993-23-013567   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

Copyright © 2024 Fran Finnegan & Company LLC – All Rights Reserved.
AboutPrivacyRedactionsHelp — Wed., May 1, 4:35:13.1am ET