---
schema_version: "secwatch.filing_event.v1"
accession: "0001185185-24-000042"
form_type: "8-K"
ticker: null
cik: "0001039466"
company_name: "NovAccess Global Inc."
filed_at: "2024-01-05T23:59:59+00:00"
generated_at: "2026-06-07T02:52:11.909089+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# NovAccess enters $29,444 additional loan from AJB Capital, extends warrant expirations by two years

## Summary
- Additional $29,444 loan added to existing February 2022 note; 10% OID and 10% interest.
- $9,000 funded immediately for 2023 audit costs; remaining $17,500 to be funded by mutual agreement.
- Expiration dates of nine warrants (covering 8,250,000 shares) extended by two years.
- Loan proceeds increase debt and potential dilution from extended warrants.

## SEC filing metadata
- accession: 0001185185-24-000042
- form_type: 8-K
- cik: 0001039466
- company_name: NovAccess Global Inc.
- filed_at: 2024-01-05T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1039466/000118518524000042/0001185185-24-000042-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1039466/000118518524000042/novaccess20240104c_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001185185-24-000042
- JSON: https://secwatch.observer/filing/0001185185-24-000042.json
- Plain text: https://secwatch.observer/filing/0001185185-24-000042.txt

## Key facts
- Debt Financings
  NovAccess Global Inc. incurred loan of $29,444 with AJB Capital Investments, LLC at interest at 10% per annum.
  - Instrument: loan
  - Principal: $29,444
  - Counterparty: AJB Capital Investments, LLC
  - Rate: interest at 10% per annum
  - Event: incurrence
  source text: Pursuant to the December 29, 2023 letter agreement, AJB agreed to loan us an additional $29,444, which will be added to the principal of the February 2022 note. This $29,444 loan has an original interest discount of 10% and bears interest at 10% per annum.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1039466/000118518524000042/0001185185-24-000042-index.htm
- Material Agreements
  NovAccess Global Inc. entered into letter agreement with AJB Capital Investments, LLC valued at $29,444 (effective 2023-12-29).
  - Action: entry
  - Counterparty: AJB Capital Investments, LLC
  - Value: $29,444
  - Effective: 2023-12-29
  source text: On December 29, 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/1039466/000118518524000042/0001185185-24-000042-index.htm

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