{"schema_version":"secwatch.filing_event.v1","accession":"0001185185-23-000653","form_type":"8-K","ticker":null,"cik":"0001039466","company_name":"NovAccess Global Inc.","filed_at":"2023-06-23T23:59:59+00:00","discovered_at":"2026-05-14T18:03:37.718446+00:00","generated_at":"2026-06-13T17:33:46.234155+00:00","sec_items":["1.01","2.03","3.02","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"NovAccess Global secures $75,000 loan at 15% from AJB Capital, issues 750,000-share warrant","bullets":["AJB loans additional $75,000 (15% annual interest, due July 16, 2023) added to existing $1.265M promissory note.","$56,575 used to repay 1800 Diagonal Lending loan; remainder for working capital.","NovAccess issues pre-funded warrant for 750,000 shares at $0.0001/share to AJB.","Make-whole provision: if AJB receives <$750K net from warrant share sales, company must issue more shares or pay cash shortfall.","CEO Dwain Irvin personally guarantees the $75,000 loan; company must register warrant shares for resale within 180 days."],"urls":{"canonical":"https://secwatch.observer/filing/0001185185-23-000653","json":"https://secwatch.observer/filing/0001185185-23-000653.json","markdown":"https://secwatch.observer/filing/0001185185-23-000653.md","text":"https://secwatch.observer/filing/0001185185-23-000653.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1039466/000118518523000653/0001185185-23-000653-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1039466/000118518523000653/novaccess20230623_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T17:33:46.234155+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":"360923e3362c9f6b143e5c7adc686908ddf58d7e","claim":"NovAccess Global Inc. incurred loan of $75,000 with AJB Capital Investments, LLC at 15% per annum maturing July 16, 2023.","evidence_excerpt":"On February 9, 2023, AJB loaned us an additional $265,000, which was added to the May 2022 note. Pursuant to the letter agreement, AJB loaned us an additional $75,000 on June 20, 2023, which was added to the May 2022 note. This $75,000 loan bears interest at 15% per annum and is due on July 16, 2023.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1039466/000118518523000653/0001185185-23-000653-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"$75,000"},{"label":"Counterparty","value":"AJB Capital Investments, LLC"},{"label":"Rate","value":"15% per annum"},{"label":"Maturity","value":"July 16, 2023"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"3cc0943fc226f43290ce13f962cd020c7a3e1db8","claim":"NovAccess Global Inc. entered into Letter Agreement with AJB Capital Investments, LLC valued at $75,000 loan at 15% interest, due July 16, 2023; pre-funded warrant for 750,000 shares at $0.0001 pe (effective 2023-06-19).","evidence_excerpt":"On June 19, 2023, NovAccess Global Inc. (“NovAccess,” the “company” or “we”) entered into a letter agreement (the “letter agreement”) with AJB Capital Investments, LLC (“AJB”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1039466/000118518523000653/0001185185-23-000653-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Counterparty","value":"AJB Capital Investments, LLC"},{"label":"Value","value":"$75,000 loan at 15% interest, due July 16, 2023; pre-funded warrant for 750,000 shares at $0.0001 pe"},{"label":"Effective","value":"2023-06-19"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}