{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-24-050826","form_type":"8-K","ticker":null,"cik":"0000719274","company_name":"GRESHAM WORLDWIDE, INC.","filed_at":"2024-05-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:21.767012+00:00","generated_at":"2026-06-03T03:29:40.073757+00:00","sec_items":["2.04"],"event_type":"other_material","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Gresham Worldwide receives default notice on $2M convertible note; default interest at 18%","bullets":["Defaults include failure to meet working capital covenant, non-payment at maturity, and cross-default on other notes.","Default interest rate of 18% accrues on outstanding principal; principal reduction payments of 20% of monthly consolidated revenues required.","Investor reserves all rights and remedies; late charges also accrue on unpaid amounts.","Second notice issued under Subordination Agreement with Ault Alliance and two accredited investors regarding same defaults."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-24-050826","json":"https://secwatch.observer/filing/0000950170-24-050826.json","markdown":"https://secwatch.observer/filing/0000950170-24-050826.md","text":"https://secwatch.observer/filing/0000950170-24-050826.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/719274/000095017024050826/0000950170-24-050826-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/719274/000095017024050826/giga-20240426.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T03:29:40.073757+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":"ccbb36baa5851f36e88169c25d3c0f851621064c","claim":"GRESHAM WORLDWIDE, INC. reported a default on convertible notes of $2,000,000 with an accredited investor at default rate of 18%.","evidence_excerpt":"On April 26, 2024, Gresham Worldwide, Inc. (the “Company”) received a Notice of Event of Default (the “Notice”) in reference to the Senior Secured Convertible Note (the ‘Senior Note”) in the principal amount of $2,000,000","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/719274/000095017024050826/0000950170-24-050826-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"$2,000,000"},{"label":"Counterparty","value":"an accredited investor"},{"label":"Rate","value":"default rate of 18%"},{"label":"Event","value":"default"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}