secwatch.observer — SEC 8-K summary
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Issuer:     Comstock Inc. (LODE)
CIK:        0001120970
Form:       8-K
Filed at:   2024-04-24T23:59:59+00:00
Accession:  0001120970-24-000039
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Comstock extends three promissory notes to April 2026, raises interest rates
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- 2022 Alvin Fund Note ($2M) maturity extended to April 15, 2026; 16% rate unchanged; prepayment penalty added.
- 2023 Alvin Fund Note ($2.1M) maturity pushed to April 15, 2026; rate increased from 8% to 12%.
- GHF Note ($5M) maturity extended to April 15, 2026; rate raised from 6% to 12%.
- Warrant exercise prices lowered to $0.4555/share for Alvin Fund and GHF; expiration extended to Dec 31, 2025.
- CEO cites flexibility for first-mover advantage in solar panel recycling and renewable fuels commercialization.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1120970/000112097024000039/0001120970-24-000039-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1120970/000112097024000039/lode-20240422.htm
  HTML page:      https://secwatch.observer/filing/0001120970-24-000039

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