{"schema_version":"secwatch.filing_event.v1","accession":"0001199835-22-000611","form_type":"8-K","ticker":"LRDC","cik":"0001442492","company_name":"Laredo Oil, Inc.","filed_at":"2022-10-28T23:59:59+00:00","discovered_at":"2026-05-14T18:03:50.675096+00:00","generated_at":"2026-06-22T22:30:34.136256+00:00","sec_items":["1.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Laredo Oil borrows $150K from CFO, secured by subsidiary interests","bullets":["CFO Bradley E. Sparks lends company $150,000 via demand promissory note at 10% interest.","Loan secured by pledge of all membership interests in wholly owned subsidiary Lustre Oil Company LLC.","If company fails to repay on demand, Sparks can take ownership of Lustre.","Uninterested board members approved the note and pledge agreement.","Loan is payable on demand; no fixed maturity date."],"urls":{"canonical":"https://secwatch.observer/filing/0001199835-22-000611","json":"https://secwatch.observer/filing/0001199835-22-000611.json","markdown":"https://secwatch.observer/filing/0001199835-22-000611.md","text":"https://secwatch.observer/filing/0001199835-22-000611.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1442492/000119983522000611/0001199835-22-000611-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1442492/000119983522000611/form_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-22T22:30:34.136256+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":"1426ebdb997110a874ff79bf98ad9c925563734b","claim":"Laredo Oil, Inc. entered into Demand Promissory Note and Pledge Agreement with Bradley E. Sparks valued at $150,000.00 (effective 2022-10-26).","evidence_excerpt":"On October 26, 2022, Laredo Oil, Inc. (the “ Company ”) borrowed $150,000.00 from Bradley E. Sparks, the Company’s Chief Financial Officer and a director of the Company.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1442492/000119983522000611/0001199835-22-000611-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Bradley E. Sparks"},{"label":"Value","value":"$150,000.00"},{"label":"Effective","value":"2022-10-26"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}