{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-23-059373","form_type":"8-K","ticker":null,"cik":"0000719274","company_name":"GRESHAM WORLDWIDE, INC.","filed_at":"2023-11-06T23:59:59+00:00","discovered_at":"2026-05-14T18:03:31.813342+00:00","generated_at":"2026-06-08T21:37:18.121904+00:00","sec_items":["2.03","3.02","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Giga-tronics borrows $766K under new $1M 12% convertible note due June 2025","bullets":["Issued $1M 12% Senior Secured Subordinated Convertible Promissory Note to Ault Lending, LLC on Oct 31, 2023.","As of filing date, $766,405 principal borrowed under the note; maturity June 30, 2025.","Note is convertible on same terms as prior Dec 2022 note and secured but subordinated to senior creditors.","Convertible note carries 12% annual interest; terms include Ault Alliance subordination agreement."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-23-059373","json":"https://secwatch.observer/filing/0000950170-23-059373.json","markdown":"https://secwatch.observer/filing/0000950170-23-059373.md","text":"https://secwatch.observer/filing/0000950170-23-059373.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/719274/000095017023059373/0000950170-23-059373-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/719274/000095017023059373/giga-20231031.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-08T21:37:18.121904+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"696c2615b10e1897e20f9ca46e174cdcba326bfe","claim":"GRESHAM WORLDWIDE, INC. incurred senior notes of $1,000,000 with Ault Lending, LLC at 12% per annum maturing June 30, 2025.","evidence_excerpt":"On October 31, 2023, Giga-Tronics Incorporated (the “Company”) issued Ault Lending, LLC (“Ault Lending”) a $1,000,000 12% Senior Secured Subordinated Promissory Note (the “New Ault Note”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/719274/000095017023059373/0000950170-23-059373-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$1,000,000"},{"label":"Counterparty","value":"Ault Lending, LLC"},{"label":"Rate","value":"12% per annum"},{"label":"Maturity","value":"June 30, 2025"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}