{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-23-076434","form_type":"8-K","ticker":null,"cik":"0001704795","company_name":"Bantec, Inc.","filed_at":"2023-09-13T23:59:59+00:00","discovered_at":"2026-05-14T18:03:34.921269+00:00","generated_at":"2026-06-10T19:11:47.065897+00:00","sec_items":["1.01","2.03","3.02","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Bantec issues $49K convertible note to 1800 Diagonal Lending at 10% interest","bullets":["Principal $49,000; interest 10% (22% default); conversion price at 65% of two lowest closing prices in prior 15 trading days.","Matures Sept 6, 2024; prepayment options at 120-130% of principal; no collateral.","Proceeds for working capital; company reimburses $5k in buyer legal and due diligence fees.","Note issued in private placement exempt from registration under Section 4(a)(2) and Regulation D.","Events of default include failure to pay or to issue conversion shares; penalties up to 150% of default sum."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-23-076434","json":"https://secwatch.observer/filing/0001213900-23-076434.json","markdown":"https://secwatch.observer/filing/0001213900-23-076434.md","text":"https://secwatch.observer/filing/0001213900-23-076434.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1704795/000121390023076434/0001213900-23-076434-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1704795/000121390023076434/ea185173-8k_bantec.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-10T19:11:47.065897+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":"3773045b633a174636a8533fae5e498604740d7e","claim":"Bantec, Inc. incurred convertible notes of $49,000 with 1800 Diagonal Lending LLC at 10% per annum maturing September 6, 2024.","evidence_excerpt":"the Company issued a promissory note (the “Note”) to the Lender in the principal amount of $49,000.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1704795/000121390023076434/0001213900-23-076434-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"$49,000"},{"label":"Counterparty","value":"1800 Diagonal Lending LLC"},{"label":"Rate","value":"10% per annum"},{"label":"Maturity","value":"September 6, 2024"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"f7f29d7a3c463aba3f4c1c4cb9c9fdf902cc2620","claim":"Bantec, Inc. entered into Securities Purchase Agreement with 1800 Diagonal Lending LLC valued at $49,000 (effective 2023-09-06).","evidence_excerpt":"Bantec, Inc. (the “Company”) and 1800 Diagonal Lending LLC (“Lender”)entered into the Securities Purchase Agreement, dated as of September 6, 2023 (the “Agreement”), pursuant to which the Company issued a promissory note (the “Note”) to the Lender in the principal amount of $49,000.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1704795/000121390023076434/0001213900-23-076434-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"1800 Diagonal Lending LLC"},{"label":"Value","value":"$49,000"},{"label":"Effective","value":"2023-09-06"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}