{"schema_version":"secwatch.filing_event.v1","accession":"0001120970-23-000088","form_type":"8-K","ticker":"LODE","cik":"0001120970","company_name":"Comstock Inc.","filed_at":"2023-11-13T23:59:59+00:00","discovered_at":"2026-05-14T18:03:28.277915+00:00","generated_at":"2026-06-08T04:37:18.153187+00:00","sec_items":["1.01","2.03","5.02","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Comstock secures $2.1M secured note with Alvin Fund; 1M warrants at $0.70; appoints new PAO","bullets":["Promissory note for $2.1M principal ($100K OID) from Alvin Fund LLC at 8% interest, maturing Feb 8, 2025.","Warrants to purchase 1M shares at $0.70 per share, exercisable until Nov 12, 2025; cashless exercise allowed.","Note secured by non-mining assets: Silver Springs properties; proceeds for general corporate purposes.","Matthew Bieberly appointed Principal Accounting Officer; annual salary $175,000; previously 30,000 stock options.","Default rate 12%; events of default include insolvency and failure to pay; prepayment allowed without penalty."],"urls":{"canonical":"https://secwatch.observer/filing/0001120970-23-000088","json":"https://secwatch.observer/filing/0001120970-23-000088.json","markdown":"https://secwatch.observer/filing/0001120970-23-000088.md","text":"https://secwatch.observer/filing/0001120970-23-000088.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1120970/000112097023000088/0001120970-23-000088-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1120970/000112097023000088/lode-20231109.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-08T04:37:18.153187+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":"1512b7150eae0dc303c6b55ec594ec36bbf3f45a","claim":"Comstock Inc. incurred loan of $2,100,000 with Alvin Fund LLC at 8% maturing February 8, 2025.","evidence_excerpt":"“Company”), entered into a secured promissory note (the “Promissory Note”) with Alvin Fund LLC, as lender (“Lender”). The Promissory Note has an aggregate principal amount of $2,100,000, which includes $100,000 original issue discount, a per annum interest rate of 8% and a maturity date of February 8, 2025. Interest is payable monthly on the Promissory Note.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1120970/000112097023000088/0001120970-23-000088-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"$2,100,000"},{"label":"Counterparty","value":"Alvin Fund LLC"},{"label":"Rate","value":"8%"},{"label":"Maturity","value":"February 8, 2025"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"fc3c1a9b67","claim":"Matthew Bieberly was appointed as Principal Accounting Officer at Comstock Inc..","evidence_excerpt":"On November 9, 2023, the Company appointed Matthew Bieberly, as Principal Accounting Officer of the Company.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1120970/000112097023000088/0001120970-23-000088-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Principal Accounting Officer"}],"fact_type":"executive_change"},{"claim_id":"8d9eeebb9e66cbe98ea480a9c876057663578cf2","claim":"Comstock Inc. entered into Promissory Note with Alvin Fund LLC valued at aggregate principal amount of $2,100,000 (effective 2023-11-12).","evidence_excerpt":"On November 12, 2023, Comstock Inc. (the “Company”), entered into a secured promissory note (the “Promissory Note”) with Alvin Fund LLC, as lender (“Lender”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1120970/000112097023000088/0001120970-23-000088-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Alvin Fund LLC"},{"label":"Value","value":"aggregate principal amount of $2,100,000"},{"label":"Effective","value":"2023-11-12"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}