---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-070277"
form_type: "8-K"
ticker: "MITQ"
cik: "0001770236"
company_name: "MOVING iMAGE TECHNOLOGIES INC."
filed_at: "2023-06-12T23:59:59+00:00"
generated_at: "2026-06-14T03:05:40.585022+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Moving iMAGE Technologies invests $100,000 unsecured convertible note in SNDBX

## Summary
- Principal $100,000, 5% simple interest, matures June 5, 2024.
- Note convertible into 20 Founders Shares of SNDBX at $5,000/share at holder's election after maturity.
- SNDBX may repurchase 10 of 20 Founders Shares for $500,000 ($100,000 down, $100,000/yr for 4 years).
- Events of default include non-payment, bankruptcy, or involuntary proceedings lasting 90+ days.
- Note and underlying shares are unregistered restricted securities under the Securities Act.

## SEC filing metadata
- accession: 0001104659-23-070277
- form_type: 8-K
- ticker: MITQ
- cik: 0001770236
- company_name: MOVING iMAGE TECHNOLOGIES INC.
- filed_at: 2023-06-12T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1770236/000110465923070277/0001104659-23-070277-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1770236/000110465923070277/tm2318431d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-070277
- JSON: https://secwatch.observer/filing/0001104659-23-070277.json
- Plain text: https://secwatch.observer/filing/0001104659-23-070277.txt

## Key facts
- Material Agreements
  MOVING iMAGE TECHNOLOGIES INC. entered into Convertible Note Purchase Agreement with SNDBX, INC. valued at $100,000 (effective 2023-06-06).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: SNDBX, INC.
  - Value: $100,000
  - Effective: 2023-06-06
  source text: On June 6, 2023, Moving iMage Technologies, Inc. (the “Company” or “MiT”) entered into a Convertible Note Purchase Agreement (the “Purchase Agreement”), with SNDBX, INC. ("SNDBX") pursuant to which SNDBX issued and sold an unsecured convertible promissory note (the “Note”) to the Company for the principal amount of $100,000.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1770236/000110465923070277/0001104659-23-070277-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.