secwatch.observer — SEC 8-K summary
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Issuer:     CV Sciences, Inc. (CVSI)
CIK:        0001510964
Form:       8-K
Filed at:   2025-10-10T23:59:59+00:00
Accession:  0001193125-25-237188
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CV Sciences issues $600K secured note with $300K net proceeds; potential add'l $750K
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- Issued $600K secured promissory note with 25% OID ($150K) plus $150K modification fee; net proceeds $300K.
- Note matures April 6, 2027; monthly principal payments of $46,153.85 begin April 6, 2026.
- Note secured by all company assets and IP; customary default provisions with 18% default interest.
- Potential additional $750K note upon consummation of Extract Labs acquisition on terms satisfactory to investor.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1510964/000119312525237188/0001193125-25-237188-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1510964/000119312525237188/cvsi-20251007.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-237188

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer