secwatch.observer — SEC 8-K summary
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Issuer:     CV Sciences, Inc. (CVSI)
CIK:        0001510964
Form:       8-K
Filed at:   2025-02-20T23:59:59+00:00
Accession:  0000950170-25-023618
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CV Sciences issues $1.6M secured promissory note, net proceeds $1.2M
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- Principal $1.6M with $400K original issue discount, net $1.2M to company.
- Monthly payments of $106,666.67 begin June 12, 2025; maturity August 12, 2026.
- Note secured by all company assets and intellectual property; interest only accrues on default.
- Early repayment in full by August 13, 2025 qualifies for $100K discount.
- Proceeds used to pay off existing Streeterville Capital debt and for working capital.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1510964/000095017025023618/0000950170-25-023618-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1510964/000095017025023618/cvsi-20250212.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-023618

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