secwatch.observer — SEC 8-K summary
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Issuer:     CV Sciences, Inc. (CVSI)
CIK:        0001510964
Form:       8-K
Filed at:   2024-07-09T23:59:59+00:00
Accession:  0000950170-24-082225
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CV Sciences enters $1.19M secured note with Streeterville Capital, net proceeds $900K
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- Principal amount $1,188,500; net proceeds $900,000 after $283,500 OID and $5,000 fees.
- Weekly repayments of $22,855.77; maturity 12 months from July 3, 2024.
- Note secured by all assets; default interest 22% per annum on event of default.
- Early repayment discount of $75,000 if paid in full by Dec 31, 2024.
- Guaranties from subsidiaries: Star Sky Foods, Cultured Foods Sp. z o.o., Elevated Softgels.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1510964/000095017024082225/0000950170-24-082225-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1510964/000095017024082225/cvsi-20240703.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-082225

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer