{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-24-020790","form_type":"8-K","ticker":null,"cik":"0001421636","company_name":"C-Bond Systems, Inc","filed_at":"2024-03-07T23:59:59+00:00","discovered_at":"2026-05-14T18:03:24.141927+00:00","generated_at":"2026-06-05T01:22:20.002648+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"C-Bond Systems enters $157K debt financing with conversion upon default at 35% discount","bullets":["Issued $157K promissory note (incl. $13K OID) to 1800 Diagonal Lending; funded $125K; net proceeds ~$106K after $19K fees.","Interest 12% p.a., monthly payments start Aug 30, 2024; default triggers 22% interest and 220% payoff or conversion at the greater of $0.0025 or 65% of 10-day VWAP.","Conversion only on default; price is greater of $0.0025 fixed or 65% of lowest closing bid in prior 10 trading days (35% discount).","Proceeds for general working capital; buyer also receives $19K expense reimbursement for legal and due diligence."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-24-020790","json":"https://secwatch.observer/filing/0001213900-24-020790.json","markdown":"https://secwatch.observer/filing/0001213900-24-020790.md","text":"https://secwatch.observer/filing/0001213900-24-020790.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1421636/000121390024020790/0001213900-24-020790-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1421636/000121390024020790/ea0201334-8k_cbond.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-05T01:22:20.002648+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":"227a63eee7ebd9ab3f3df7266f00ca25cf954ed7","claim":"C-Bond Systems, Inc incurred loan of $157,000 with 1800 Diagonal Lending LLC at twelve percent (12%).","evidence_excerpt":"On March 1, 2024, C-Bond Systems, Inc. (the “Company”) executed a Promissory Note (“Note”) in favor of 1800 Diagonal Lending LLC (the “Investor”) in the aggregate principal amount of $157,000 (the “Principal”), and an accompanying Securities Purchase Agreement (“SPA”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1421636/000121390024020790/0001213900-24-020790-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"$157,000"},{"label":"Counterparty","value":"1800 Diagonal Lending LLC"},{"label":"Rate","value":"twelve percent (12%)"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"9f6eafa896da879060b99d115c1170c7da5a4052","claim":"C-Bond Systems, Inc entered into Promissory Note and Securities Purchase Agreement with 1800 Diagonal Lending LLC valued at $157,000 aggregate principal amount; funded $125,000 on March 4, 2023 (effective 2024-03-01).","evidence_excerpt":"On March 1, 2024, C-Bond Systems, Inc. (the “Company”) executed a Promissory Note (“Note”) in favor of 1800 Diagonal Lending LLC (the “Investor”) in the aggregate principal amount of $157,000 (the “Principal”), and an accompanying Securities Purchase Agreement (“SPA”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1421636/000121390024020790/0001213900-24-020790-index.htm","confidence":0.98,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"1800 Diagonal Lending LLC"},{"label":"Value","value":"$157,000 aggregate principal amount; funded $125,000 on March 4, 2023"},{"label":"Effective","value":"2024-03-01"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}