{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-24-001529","form_type":"8-K","ticker":null,"cik":"0001669400","company_name":"Veritas Farms, Inc.","filed_at":"2024-01-05T23:59:59+00:00","discovered_at":"2026-05-14T18:03:25.048500+00:00","generated_at":"2026-06-07T03:09:22.840881+00:00","sec_items":["1.01","2.03","3.02","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Veritas Farms issues $3M secured convertible note to principal shareholder; extends prior note maturity to 2027","bullets":["Issued secured convertible promissory note for up to $3,000,000 to Cornelis F. Wit Revocable Living Trust, a principal shareholder.","Note convertible at $0.02 per share, interest 10% per annum, matures January 1, 2027.","Proceeds used for working capital; note secured by all company assets.","Second amendment extends maturity of prior $3M note from October 1, 2024 to January 1, 2027.","The prior note was originally dated October 12, 2021, amended March 9, 2022; this amendment further extends."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-24-001529","json":"https://secwatch.observer/filing/0001213900-24-001529.json","markdown":"https://secwatch.observer/filing/0001213900-24-001529.md","text":"https://secwatch.observer/filing/0001213900-24-001529.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1669400/000121390024001529/0001213900-24-001529-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1669400/000121390024001529/ea191263-8k_veritas.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T03:09:22.840881+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":"d194d8eddeeb4dc7c54d799a839e34457ab40762","claim":"Veritas Farms, Inc. amended convertible notes with Cornelis F. Wit Revocable Living Trust maturing January 1, 2027.","evidence_excerpt":"the Company and the Wit Trust entered into an Second Amendment to Secured Convertible Promissory Note originally signed October 21, 2021, which was then amended and restated March 9, 2022, pursuant to which the Company and the Wit Trust amended the Secured Convertible Credit Line Promissory Note in order to extended the maturity date of the Secured Convertible Credit Line Promissory Note from October 1, 2024 to January 1, 2027.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1669400/000121390024001529/0001213900-24-001529-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Counterparty","value":"Cornelis F. Wit Revocable Living Trust"},{"label":"Maturity","value":"January 1, 2027"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"},{"claim_id":"ff8b3a80245d14c73fd15f699ad994b70a987626","claim":"Veritas Farms, Inc. incurred convertible notes of up to $3,000,000 with Cornelis F. Wit Revocable Living Trust at 10% per annum maturing January 01, 2027.","evidence_excerpt":"On December 31, 2023, Veritas Farms, Inc. (the “Company”) issued a secured convertible credit line promissory note in the principal amount for up to $3,000,000 (the “December 2023 Secured Convertible Promissory Note”), to the Cornelis F. Wit Revocable Living Trust","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1669400/000121390024001529/0001213900-24-001529-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"up to $3,000,000"},{"label":"Counterparty","value":"Cornelis F. Wit Revocable Living Trust"},{"label":"Rate","value":"10% per annum"},{"label":"Maturity","value":"January 01, 2027"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"a9f33d7f35dfc8f5d19846d3636d9d5e142a6045","claim":"Veritas Farms, Inc. amended Second Amendment to Secured Convertible Promissory Note with Cornelis F. Wit Revocable Living Trust (effective 2023-12-31).","evidence_excerpt":"On December 31, 2023, the Company and the Wit Trust entered into an Second Amendment to Secured Convertible Promissory Note originally signed October 21, 2021, which was then amended and restated March 9, 2022, pursuant to which the Company and the Wit Trust amended the Secured Convertible Credit Line Promissory Note in order to extended the maturity date of the Secured Convertible Credit Line Promissory Note from October 1, 2024 to January 1, 2027.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1669400/000121390024001529/0001213900-24-001529-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"Cornelis F. Wit Revocable Living Trust"},{"label":"Effective","value":"2023-12-31"}],"fact_type":"material_agreement"},{"claim_id":"e1b5c5a830d7b5a95c9549497abfb83dcb6d0488","claim":"Veritas Farms, Inc. entered into December 2023 Secured Convertible Promissory Note with Cornelis F. Wit Revocable Living Trust valued at principal amount for up to $3,000,000 (effective 2023-12-31).","evidence_excerpt":"On December 31, 2023, Veritas Farms, Inc. (the “Company”) issued a secured convertible credit line promissory note in the principal amount for up to $3,000,000 (the “December 2023 Secured Convertible Promissory Note”), to the Cornelis F. Wit Revocable Living Trust (the “Wit Trust”), a principal shareholder who holds securities of the Company that constitute a majority of the voting securities of the Company.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1669400/000121390024001529/0001213900-24-001529-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"Cornelis F. Wit Revocable Living Trust"},{"label":"Value","value":"principal amount for up to $3,000,000"},{"label":"Effective","value":"2023-12-31"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}