{"schema_version":"secwatch.filing_event.v1","accession":"0001120970-23-000097","form_type":"8-K","ticker":"LODE","cik":"0001120970","company_name":"Comstock Inc.","filed_at":"2023-12-27T23:59:59+00:00","discovered_at":"2026-05-14T18:03:28.278757+00:00","generated_at":"2026-06-07T06:45:15.777077+00:00","sec_items":["1.01","2.03","3.02","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Comstock enters $5M convertible note financing with Kips Bay Select LP, 8% interest, 15-month maturity","bullets":["Principal amount $5,263,157 purchased at $5,000,000 (5% OID); 8% annual interest; matures March 27, 2025.","Convertible into common stock at lower of 175% of 20-day VWAP or $1.00; after 60 days, 90% of lowest 10-day VWAP.","Commitment shares equal to 4.75% of principal (3% restricted + 1.75% registered) issued at no cost based on VWAP.","Up to $3M redeemable after 30 days at 110% of principal plus accrued interest.","Investor covenant not to take short positions while note outstanding."],"urls":{"canonical":"https://secwatch.observer/filing/0001120970-23-000097","json":"https://secwatch.observer/filing/0001120970-23-000097.json","markdown":"https://secwatch.observer/filing/0001120970-23-000097.md","text":"https://secwatch.observer/filing/0001120970-23-000097.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1120970/000112097023000097/0001120970-23-000097-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1120970/000112097023000097/lode-20231227.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T06:45:15.777077+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":"4dc66d04db456c59dc180d44dfd709ff52bd2feb","claim":"Comstock Inc. incurred convertible notes of $5,263,157 with an investor at 8% maturing March 27, 2025.","evidence_excerpt":"the issuance of an 8.0% Convertible Promissory Note due March 27, 2025 (the “Convertible Note”). The Convertible Note was issued with an original aggregate principal amount of $5,263,157 (the “Principal Amount”). The Convertible Note was issued with 5% original issue discount, meaning that the purchase price paid by the Investor for the Convertible Note was","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1120970/000112097023000097/0001120970-23-000097-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"$5,263,157"},{"label":"Counterparty","value":"an investor"},{"label":"Rate","value":"8%"},{"label":"Maturity","value":"March 27, 2025"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"5f03813e507830f1e968f42094940fd13a5b7fb0","claim":"Comstock Inc. entered into Securities Purchase Agreement with an investor valued at $5,263,157 (effective 2023-12-27).","evidence_excerpt":"On December 27, 2023, Comstock Inc. (the “Company”) has entered into a securities purchase agreement (the “Securities Purchase Agreement”) with an investor (the “Investor”), relating to the issuance of an 8.0% Convertible Promissory Note due March 27, 2025 (the “Convertible Note”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1120970/000112097023000097/0001120970-23-000097-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"an investor"},{"label":"Value","value":"$5,263,157"},{"label":"Effective","value":"2023-12-27"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}