{"schema_version":"secwatch.filing_event.v1","accession":"0001185185-23-000432","form_type":"8-K","ticker":null,"cik":"0001039466","company_name":"NovAccess Global Inc.","filed_at":"2023-05-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:37.718032+00:00","generated_at":"2026-06-16T02:31:08.561648+00:00","sec_items":["1.01","2.03","3.02","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"NovAccess issues $54,250 convertible note with 65% discount conversion to 1800 Diagonal Lending","bullets":["Note bears 8% interest, matures April 24, 2024; prepayment penalty 15-25% of outstanding.","Conversion price set at 65% of avg of three lowest trading prices in prior 15 trading days.","Proceeds used for general working capital; no financial covenants, but asset sale requires lender approval.","Default triggers 22% interest and collection costs; note convertible from Oct 21, 2023.","Issuance exempt under Section 4(a)(2); company must maintain OTCQB listing and SEC reporting."],"urls":{"canonical":"https://secwatch.observer/filing/0001185185-23-000432","json":"https://secwatch.observer/filing/0001185185-23-000432.json","markdown":"https://secwatch.observer/filing/0001185185-23-000432.md","text":"https://secwatch.observer/filing/0001185185-23-000432.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1039466/000118518523000432/0001185185-23-000432-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1039466/000118518523000432/novaccess20230501_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-16T02:31:08.561648+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":"520e6425cb029b9d9b6760ad8189f799079d6a28","claim":"NovAccess Global Inc. incurred convertible notes of $54,250 with 1800 Diagonal Lending LLC at 8% maturing April 24, 2024.","evidence_excerpt":"issued a convertible promissory note in the original principal amount of $54,250","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1039466/000118518523000432/0001185185-23-000432-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"$54,250"},{"label":"Counterparty","value":"1800 Diagonal Lending LLC"},{"label":"Rate","value":"8%"},{"label":"Maturity","value":"April 24, 2024"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"640b28150aa6e4b0fe1c1df5afcd825d935ca13c","claim":"NovAccess Global Inc. entered into Securities Purchase Agreement with 1800 Diagonal Lending LLC valued at Convertible promissory note in original principal amount of $54,250 (effective 2023-04-24).","evidence_excerpt":"On April 24, 2023, NovAccess Global Inc. (“ NovAccess ” or the “ company ”) entered into a securities purchase agreement (the “ SPA ”) with 1800 Diagonal Lending LLC (“ 1800 Diagonal Lending ”) and issued a convertible promissory note in the original principal amount of $54,250 (the “ note ”) to 1800 Diagonal Lending pursuant to the SPA.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1039466/000118518523000432/0001185185-23-000432-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"1800 Diagonal Lending LLC"},{"label":"Value","value":"Convertible promissory note in original principal amount of $54,250"},{"label":"Effective","value":"2023-04-24"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}