{"schema_version":"secwatch.filing_event.v1","accession":"0001161697-23-000223","form_type":"8-K","ticker":null,"cik":"0001161582","company_name":"GROWLIFE, INC.","filed_at":"2023-04-04T23:59:59+00:00","discovered_at":"2026-05-14T18:03:38.082084+00:00","generated_at":"2026-06-17T06:17:22.517973+00:00","sec_items":["1.01","2.03","3.02","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Growlife issues $150K convertible note to ONE44 Capital at 60% discount conversion","bullets":["Principal $150,000; net proceeds $128,250 after $15K OID and $6,750 legal fees.","Interest 10% p.a.; maturity March 28, 2024; conversion at 60% of lowest closing bid for prior 10 days.","Prepayment premiums escalate from 110% to 145% of face amount depending on prepayment window.","Default interest rate 24%; conversion restricted to 4.99% beneficial ownership cap.","Proceeds used for general working capital."],"urls":{"canonical":"https://secwatch.observer/filing/0001161697-23-000223","json":"https://secwatch.observer/filing/0001161697-23-000223.json","markdown":"https://secwatch.observer/filing/0001161697-23-000223.md","text":"https://secwatch.observer/filing/0001161697-23-000223.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1161582/000116169723000223/0001161697-23-000223-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1161582/000116169723000223/form_8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-17T06:17:22.517973+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":"58601da1472ca9fdc13cd30b6b31b2db17e80063","claim":"GROWLIFE, INC. incurred convertible notes of $150,000 with ONE44 Capital LLC at 10% per annum maturing March 28, 2024.","evidence_excerpt":"with ONE44 Capital LLC, (“ONE44”), pursuant to which ONE44 purchased a convertible promissory note (the “Note”) from the Company in the aggregate principal amount of $150,000, such principal and the interest thereon convertible into shares of the Company’s common stock at the option of ONE44. The transaction contemplated by the Purchase Agreement","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1161582/000116169723000223/0001161697-23-000223-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"$150,000"},{"label":"Counterparty","value":"ONE44 Capital LLC"},{"label":"Rate","value":"10% per annum"},{"label":"Maturity","value":"March 28, 2024"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"24b814ecadea65d22d3c4a15c06ee5cade59887c","claim":"GROWLIFE, INC. entered into Securities Purchase Agreement and Convertible Promissory Note with ONE44 Capital LLC valued at $150,000 aggregate principal amount (effective 2023-03-29).","evidence_excerpt":"On March 29, 2023, (the “Issue Date”), Growlife, Inc. a Delaware corporation (the “Company”) entered into a securities purchase agreement (the “Purchase Agreement”) with ONE44 Capital LLC, (“ONE44”), pursuant to which ONE44 purchased a convertible promissory note (the “Note”) from the Company in the aggregate principal amount of $150,000","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1161582/000116169723000223/0001161697-23-000223-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"ONE44 Capital LLC"},{"label":"Value","value":"$150,000 aggregate principal amount"},{"label":"Effective","value":"2023-03-29"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}