{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-23-067155","form_type":"8-K","ticker":null,"cik":"0001558583","company_name":"Arcimoto Inc","filed_at":"2023-08-14T23:59:59+00:00","discovered_at":"2026-05-14T18:03:34.291114+00:00","generated_at":"2026-06-11T11:01:38.702680+00:00","sec_items":["1.01","2.03","3.02","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Arcimoto issues $660K principal OID promissory notes due Aug 15, 2023 for $600K net proceeds","bullets":["Sold two unsecured OID notes to Gregory Castaldo and Joseph Reda, each $330K principal ($300K purchase price).","Notes mature Aug 15, 2023, bear no interest until maturity, but accrue 18% after 3-day default grace.","Proceeds used for capex and working capital; notes convertible into equity at $1 of principal per $1 of new offering price.","Investors have MFN conversion rights in any subsequent equity offering while notes are outstanding."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-23-067155","json":"https://secwatch.observer/filing/0001213900-23-067155.json","markdown":"https://secwatch.observer/filing/0001213900-23-067155.md","text":"https://secwatch.observer/filing/0001213900-23-067155.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1558583/000121390023067155/0001213900-23-067155-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1558583/000121390023067155/ea183550-8k_arcimoto.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-11T11:01:38.702680+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":"aab7571dd1461c877837a160c48c5ed00a653a95","claim":"Arcimoto Inc incurred loan of $330,000 with Gregory Castaldo and Joseph Reda at no interest until August 15, 2023 maturing August 15, 2023.","evidence_excerpt":"On August 8, 2023, Arcimoto, Inc. (the “Company”) sold Gregory Castaldo and Joseph Reda (the “Investors”), each an unsecured original issue discount promissory note in the principal amount of $330,000 (the “Promissory Notes”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1558583/000121390023067155/0001213900-23-067155-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"$330,000"},{"label":"Counterparty","value":"Gregory Castaldo and Joseph Reda"},{"label":"Rate","value":"no interest until August 15, 2023"},{"label":"Maturity","value":"August 15, 2023"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"799c760ec6ae53bab43881f90b180c1de9e20636","claim":"Arcimoto Inc entered into Promissory Notes with Gregory Castaldo and Joseph Reda valued at $330,000 (effective 2023-08-08).","evidence_excerpt":"On August 8, 2023, Arcimoto, Inc. (the “Company”) sold Gregory Castaldo and Joseph Reda (the “Investors”), each an unsecured original issue discount promissory note in the principal amount of $330,000 (the “Promissory Notes”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1558583/000121390023067155/0001213900-23-067155-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"Gregory Castaldo and Joseph Reda"},{"label":"Value","value":"$330,000"},{"label":"Effective","value":"2023-08-08"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}