{"schema_version":"secwatch.filing_event.v1","accession":"0001199835-23-000597","form_type":"8-K","ticker":"SFRX","cik":"0001106213","company_name":"SEAFARER EXPLORATION CORP","filed_at":"2023-12-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:28.236708+00:00","generated_at":"2026-06-07T15:25:10.601963+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Seafarer borrows up to $1M at 6%, pays 20M common shares as loan origination fee","bullets":["Loan agreement for up to $1M unsecured at 6% annual interest, no prepayment penalty.","$500K advanced on Nov 22, 2023; additional $500K available upon CEO's written request.","Lender received 20M restricted common shares as one-time origination fee.","Loan balance plus interest due one year from each funding date."],"urls":{"canonical":"https://secwatch.observer/filing/0001199835-23-000597","json":"https://secwatch.observer/filing/0001199835-23-000597.json","markdown":"https://secwatch.observer/filing/0001199835-23-000597.md","text":"https://secwatch.observer/filing/0001199835-23-000597.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1106213/000119983523000597/0001199835-23-000597-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1106213/000119983523000597/sfrx_form-8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T15:25:10.601963+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":"fc31d85b0c6891a1e9c034b11b087f7e5f00eeb0","claim":"SEAFARER EXPLORATION CORP incurred loan of up to $1 million with an individual lender who is not an officer or director of the Company at 6% per annum maturing one year anniversary dates.","evidence_excerpt":"On December 8, 2023, Seafarer Exploration Corp. (“Seafarer”), entered into and loan agreement (the “Loan Agreement”) in the principal amount of up to $1 million (the “Loan”) with an individual lender who is not an officer or director of the Company (the “Lender”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1106213/000119983523000597/0001199835-23-000597-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"up to $1 million"},{"label":"Counterparty","value":"an individual lender who is not an officer or director of the Company"},{"label":"Rate","value":"6% per annum"},{"label":"Maturity","value":"one year anniversary dates"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"d4de1e39c1c7a3f575b4ee2e1ffc95bfba80eb68","claim":"SEAFARER EXPLORATION CORP entered into Loan Agreement with an individual lender not an officer or director of the Company valued at up to $1 million (effective 2023-11-10).","evidence_excerpt":"On December 8, 2023, Seafarer Exploration Corp. (“Seafarer”), entered into and loan agreement (the “Loan Agreement”) in the principal amount of up to $1 million (the “Loan”) with an individual lender who is not an officer or director of the Company (the “Lender”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1106213/000119983523000597/0001199835-23-000597-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"an individual lender not an officer or director of the Company"},{"label":"Value","value":"up to $1 million"},{"label":"Effective","value":"2023-11-10"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}