{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-22-053834","form_type":"8-K","ticker":"IPSI","cik":"0001591913","company_name":"Innovative Payment Solutions, Inc.","filed_at":"2022-09-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:56.289430+00:00","generated_at":"2026-06-23T16:31:12.983589+00:00","sec_items":["2.03","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Innovative Payment Solutions extends convertible notes, issues new warrants to Cavalry and Mercer","bullets":["Extended $572K convertible notes to each of Cavalry and Mercer to Nov 16, 2022; principal increased 20% to $1,091,754.13 each.","Issued each holder a 5-year warrant to purchase 3,000,000 shares at $0.15/share, diluting equity further.","Original warrants had exercise price $0.24; new warrants lower at $0.15.","Extension replaces prior Feb 2022 extension which added 10% principal."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-22-053834","json":"https://secwatch.observer/filing/0001213900-22-053834.json","markdown":"https://secwatch.observer/filing/0001213900-22-053834.md","text":"https://secwatch.observer/filing/0001213900-22-053834.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1591913/000121390022053834/0001213900-22-053834-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1591913/000121390022053834/ea165309-8k_innovative.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-23T16:31:12.983589+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}