{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-23-083852","form_type":"8-K","ticker":null,"cik":"0001704795","company_name":"Bantec, Inc.","filed_at":"2023-11-06T23:59:59+00:00","discovered_at":"2026-05-14T18:03:30.112545+00:00","generated_at":"2026-06-08T21:11:06.841201+00:00","sec_items":["1.01","2.03","3.02","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Bantec issues $90,400 promissory note with 14% interest and variable conversion at 39% discount","bullets":["Principal $90,400 includes $10,400 original issue discount; net proceeds ~$80,000.","Ten monthly payments of $10,305.60; interest charge $12,565 (14%); maturity Aug 30, 2024.","Note unsecured; default triggers 150% of outstanding + 22% default interest; convertible at 39% of lowest closing price in prior 10 trading days.","Proceeds for general working capital; prior notes from 2021/2022 had been converted to common stock.","Issued in private placement under Section 4(a)(2) and Regulation D."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-23-083852","json":"https://secwatch.observer/filing/0001213900-23-083852.json","markdown":"https://secwatch.observer/filing/0001213900-23-083852.md","text":"https://secwatch.observer/filing/0001213900-23-083852.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1704795/000121390023083852/0001213900-23-083852-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1704795/000121390023083852/ea187773-8k_bantec.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-08T21:11:06.841201+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":"3aed9408cba9de0e4165d8a16dafbc0e363fbb9b","claim":"Bantec, Inc. incurred convertible notes of $90,400 with 1800 Diagonal Lending LLC at one-time interest charge of 14% maturing August 30, 2024.","evidence_excerpt":"On October 26, 2023, Bantec, Inc. (the “Company”) entered into the Securities Purchase Agreement (the “Agreement”) with 1800 Diagonal Lending LLC (“Lender”), pursuant to which the Company issued a promissory note (the “Note”) to the Lender in the principal amount of $90,400, including an original issue discount of $10,400.00.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1704795/000121390023083852/0001213900-23-083852-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"$90,400"},{"label":"Counterparty","value":"1800 Diagonal Lending LLC"},{"label":"Rate","value":"one-time interest charge of 14%"},{"label":"Maturity","value":"August 30, 2024"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"628abf8c9adcf664b444abf2c42851ffd5b46c33","claim":"Bantec, Inc. entered into Securities Purchase Agreement with 1800 Diagonal Lending LLC valued at $90,400 (effective 2023-10-26).","evidence_excerpt":"On October 26, 2023, Bantec, Inc. (the “Company”) entered into the Securities Purchase Agreement (the “Agreement”) with 1800 Diagonal Lending LLC (“Lender”), pursuant to which the Company issued a promissory note (the “Note”) to the Lender in the principal amount of $90,400","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1704795/000121390023083852/0001213900-23-083852-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"1800 Diagonal Lending LLC"},{"label":"Value","value":"$90,400"},{"label":"Effective","value":"2023-10-26"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}