---
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"
generated_at: "2026-06-13T17:33:46.234155+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# NovAccess Global secures $75,000 loan at 15% from AJB Capital, issues 750,000-share warrant

## Summary
- 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.

## SEC filing metadata
- accession: 0001185185-23-000653
- form_type: 8-K
- cik: 0001039466
- company_name: NovAccess Global Inc.
- filed_at: 2023-06-23T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001185185-23-000653
- JSON: https://secwatch.observer/filing/0001185185-23-000653.json
- Plain text: https://secwatch.observer/filing/0001185185-23-000653.txt

## Key facts
- Debt Financings
  NovAccess Global Inc. incurred loan of $75,000 with AJB Capital Investments, LLC at 15% per annum maturing July 16, 2023.
  - Instrument: loan
  - Principal: $75,000
  - Counterparty: AJB Capital Investments, LLC
  - Rate: 15% per annum
  - Maturity: July 16, 2023
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1039466/000118518523000653/0001185185-23-000653-index.htm
- Material Agreements
  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).
  - Action: entry
  - Counterparty: AJB Capital Investments, LLC
  - Value: $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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1039466/000118518523000653/0001185185-23-000653-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.