{"schema_version":"secwatch.filing_event.v1","accession":"0001185185-24-000544","form_type":"8-K","ticker":null,"cik":"0001039466","company_name":"NovAccess Global Inc.","filed_at":"2024-05-17T23:59:59+00:00","discovered_at":"2026-05-14T18:03:16.981491+00:00","generated_at":"2026-06-01T14:16:05.516262+00:00","sec_items":["1.01","2.03","3.02","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"NovAccess issues $117K note to AJB Capital, acquires 18.6% of Fendix Media for shares","bullets":["Issued $117,000 promissory note to AJB Capital with 12% interest, due Nov 13, 2024; 10% OID; warrants for 10M shares at $0.0001 each.","Proceeds from AJB note used to repay all remaining debt to 1800 Diagonal Lending LLC, retiring that obligation.","Acquired 18.6% ownership in Fendix Media in exchange for 14,795,455 newly-issued unregistered shares of NovAccess common stock.","Previously disclosed $3.63M equity and $7.05M loan from Sumner Global remains pending; close expected but not guaranteed.","AJB note includes default conversion at a discount, 18% default interest, and covenants restricting asset sales and additional debt."],"urls":{"canonical":"https://secwatch.observer/filing/0001185185-24-000544","json":"https://secwatch.observer/filing/0001185185-24-000544.json","markdown":"https://secwatch.observer/filing/0001185185-24-000544.md","text":"https://secwatch.observer/filing/0001185185-24-000544.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1039466/000118518524000544/0001185185-24-000544-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1039466/000118518524000544/novaccess20240517_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-01T14:16:05.516262+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":"7e10423bbf0236f90e84ce7932c31895790be572","claim":"NovAccess Global Inc. incurred loan of $117,000 with AJB Capital Investments, LLC at 12% a year maturing November 13, 2024.","evidence_excerpt":"entered into a securities purchase agreement (the “SPA”) with AJB Capital Investments, LLC (“AJB”) and issued a promissory note in the principal amount of $117,000 (the “note”) to AJB pursuant to the SPA","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1039466/000118518524000544/0001185185-24-000544-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"$117,000"},{"label":"Counterparty","value":"AJB Capital Investments, LLC"},{"label":"Rate","value":"12% a year"},{"label":"Maturity","value":"November 13, 2024"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"3eea67ada901caef426d32f82f4cbb893c71b638","claim":"NovAccess Global Inc. entered into securities purchase agreement with AJB Capital Investments, LLC valued at $117,000 (effective 2024-05-13).","evidence_excerpt":"On May 13, 2024, NovAccess Global Inc. (“we,” “NovAccess” or the “company”) entered into a securities purchase agreement (the “SPA”) with AJB Capital Investments, LLC (“AJB”) and issued a promissory note in the principal amount of $117,000 (the “note”) to AJB pursuant to the SPA.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1039466/000118518524000544/0001185185-24-000544-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"AJB Capital Investments, LLC"},{"label":"Value","value":"$117,000"},{"label":"Effective","value":"2024-05-13"}],"fact_type":"material_agreement"},{"claim_id":"af46bf3052faeeac7bd323d0ce755266f5907494","claim":"NovAccess Global Inc. entered into stock purchase agreement with Dawn Digital Limited (effective 2024-05-17).","evidence_excerpt":"On May 17, 2024, we entered into a stock purchase agreement with Dawn Digital Limited, a company owned by David Sumner, and acquired an 18.6% ownership interest in Fendix Media Limited in exchange for 14,795,455 newly-issued unregistered shares of NovAccess common stock.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1039466/000118518524000544/0001185185-24-000544-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"Dawn Digital Limited"},{"label":"Effective","value":"2024-05-17"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}