UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
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Item 8.01 Other Events.
On November 19, 2024, Strategic Environmental & Energy Resources, Inc (“the Company or SEER”) entered into a consulting and investment banking agreement (“Agreement”) with First Block, Inc. (“First Block”). Pursuant to certain terms and conditions of the Agreement, the Company issued 4,000,000 shares of Series A Preferred Stock to First Block. It was further agreed the shares of preferred stock would convert into 3,600,000 common shares of the Company upon the occurrence of certain conditions precedent and the promissory notes from the Company to First Block in the total amount of $225,000 would be deemed paid in full. These preferred shares have a 15 to 1 voting ratio to the Common Stock. This is the first issuance of Preferred Stock by the Company.
On February 28, 2025, and in accordance with the terms and condition of the Agreement, First Block converted these 4,000,000 preferred shares into 3,600,000 shares of common stock and $225,000 of debt owed by the Company to First Block was deemed paid in full.
Item 9.01. Financial Statements and Exhibits
None.
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.
| Strategic Environmental & Energy Resources, Inc | ||
| Date: | March 3, 2025 | |
| By: | /s/ J. John Combs III | |
| J. John Combs III | ||
| Chief Executive Officer | ||