{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-23-093327","form_type":"8-K","ticker":null,"cik":"0001421636","company_name":"C-Bond Systems, Inc","filed_at":"2023-12-06T23:59:59+00:00","discovered_at":"2026-05-14T18:03:29.017345+00:00","generated_at":"2026-06-07T16:58:29.433648+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"C-Bond eliminates conversion feature of last convertible note; sets monthly payments","bullets":["Agreement with Mercer Street eliminates conversion rights on $1.11M note; company pays $15k/month for 35 months plus $580k balloon.","Balloon payment due month 36; early payment discounts of up to 20% if paid by March 31, 2024.","Company also pays Mercer 20% of gross proceeds from any capital raise over $500k, applied to balloon.","Interest standstill begins with first payment; note total due as of Nov 30, 2023 was $1,113,090.74.","Only remaining convertible note on balance sheet; failure to make payments within cure period nullifies agreement."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-23-093327","json":"https://secwatch.observer/filing/0001213900-23-093327.json","markdown":"https://secwatch.observer/filing/0001213900-23-093327.md","text":"https://secwatch.observer/filing/0001213900-23-093327.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1421636/000121390023093327/0001213900-23-093327-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1421636/000121390023093327/ea189546-8k_cbond.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T16:58:29.433648+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":"397821dbcf4f24f90f133c86d5727921cc0f3cc5","claim":"C-Bond Systems, Inc amended convertible notes of Balloon payment of $580,090 on the 36th month with Mercer Street Global Opportunity Fund, LLC at Standstill on interest due under the Note maturing 35 monthly payments of $15,000 with a balloon payment on the 36th month.","evidence_excerpt":"into the Company’s common stock. The Company shall make the Payments on the 15th of every month. “Payments” shall mean $15,000 per month for 35 months with a balloon payment of $580,090 on the 36th month. Additionally, provided that the Company is in compliance with the Agreement, the Investor agreed to a standstill on the interest due under the Note beginning","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1421636/000121390023093327/0001213900-23-093327-index.htm","confidence":0.95,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"Balloon payment of $580,090 on the 36th month"},{"label":"Counterparty","value":"Mercer Street Global Opportunity Fund, LLC"},{"label":"Rate","value":"Standstill on interest due under the Note"},{"label":"Maturity","value":"35 monthly payments of $15,000 with a balloon payment on the 36th month"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"},{"claim_id":"dc7d22f4e8249e611d36481fac67c734909c6bdd","claim":"C-Bond Systems, Inc amended Agreement with Mercer Street Global Opportunity Fund, LLC valued at $15,000 per month for 35 months with a balloon payment of $580,090 on the 36th month (effective 2023-12-04).","evidence_excerpt":"On December 4, 2023, C-Bond Systems, Inc. (the “Company”) entered into a letter agreement (the “Agreement”) with Mercer Street Global Opportunity Fund, LLC (the “Investor”) to eliminate the convertible features and implement a standstill on the interest due under the Convertible Promissory Note Dated October 15, 2021 (the “Note”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1421636/000121390023093327/0001213900-23-093327-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Counterparty","value":"Mercer Street Global Opportunity Fund, LLC"},{"label":"Value","value":"$15,000 per month for 35 months with a balloon payment of $580,090 on the 36th month"},{"label":"Effective","value":"2023-12-04"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}