{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-23-097411","form_type":"8-K","ticker":null,"cik":"0001704795","company_name":"Bantec, Inc.","filed_at":"2023-12-21T23:59:59+00:00","discovered_at":"2026-05-14T18:03:30.112741+00:00","generated_at":"2026-06-07T09:10:26.938122+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":"Bantec issues $40K convertible note to 1800 Diagonal Lending at 10% interest","bullets":["Principal amount $40,000; interest 10% per annum (22% default rate); matures Dec 11, 2024.","Conversion price set at 65% of the average of the two lowest closing prices in prior 15 trading days.","Prepayment allowed: 120% of principal within 60 days, escalating to 130% through day 180.","Proceeds used for general working capital; funding received Dec 18, 2023.","Note is unsecured; includes customary events of default with penalties up to 150% of default sum."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-23-097411","json":"https://secwatch.observer/filing/0001213900-23-097411.json","markdown":"https://secwatch.observer/filing/0001213900-23-097411.md","text":"https://secwatch.observer/filing/0001213900-23-097411.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1704795/000121390023097411/0001213900-23-097411-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1704795/000121390023097411/ea190448-8k_bantec.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T09:10:26.938122+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":"1c11b04ab96165ba5594ce320ad23e11095570f4","claim":"Bantec, Inc. incurred convertible notes of $40,000 with 1800 Diagonal Lending LLC at 10% per annum maturing December 11, 2024.","evidence_excerpt":"Bantec, Inc. (the “Company”) and 1800 Diagonal Lending LLC (“Lender”)entered into the Securities Purchase Agreement, dated as of December 11, 2023 (the “Agreement”), pursuant to which the Company issued a promissory note (the “Note”) to the Lender in the principal amount of $40,000.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1704795/000121390023097411/0001213900-23-097411-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"$40,000"},{"label":"Counterparty","value":"1800 Diagonal Lending LLC"},{"label":"Rate","value":"10% per annum"},{"label":"Maturity","value":"December 11, 2024"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"5875c1db65531ec32c59dcf30746f511fe75d6d6","claim":"Bantec, Inc. entered into Securities Purchase Agreement with 1800 Diagonal Lending LLC valued at $40,000 (effective 2023-12-11).","evidence_excerpt":"Bantec, Inc. (the “Company”) and 1800 Diagonal Lending LLC (“Lender”)entered into the Securities Purchase Agreement, dated as of December 11, 2023 (the “Agreement”), pursuant to which the Company issued a promissory note (the “Note”) to the Lender in the principal amount of $40,000.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1704795/000121390023097411/0001213900-23-097411-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"1800 Diagonal Lending LLC"},{"label":"Value","value":"$40,000"},{"label":"Effective","value":"2023-12-11"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}