---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-032581"
form_type: "8-K"
ticker: null
cik: "0001421636"
company_name: "C-Bond Systems, Inc"
filed_at: "2024-04-12T23:59:59+00:00"
generated_at: "2026-06-03T23:19:39.246248+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# C-Bond Systems enters $127,963 promissory note with 12% interest; convertible upon default

## Summary
- Note principal $127,963 (net $100,000 after $10,543 OID) from 1800 Diagonal Lending LLC.
- Interest rate 12% p.a.; default rate 22%; monthly payments begin Aug 15, 2024.
- Upon default, obligation increases to 220% of outstanding plus accrued interest.
- Note convertible only after default at greater of $0.0025 or 65% of 10-day low bid price.
- Proceeds used for general working capital; company has ~538.6M shares outstanding.

## SEC filing metadata
- accession: 0001213900-24-032581
- form_type: 8-K
- cik: 0001421636
- company_name: C-Bond Systems, Inc
- filed_at: 2024-04-12T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1421636/000121390024032581/0001213900-24-032581-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1421636/000121390024032581/ea0203707-8k_cbond.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-032581
- JSON: https://secwatch.observer/filing/0001213900-24-032581.json
- Plain text: https://secwatch.observer/filing/0001213900-24-032581.txt

## Key facts
- Debt Financings
  C-Bond Systems, Inc incurred loan of $127,963.00 with 1800 Diagonal Lending LLC at 12%.
  - Instrument: loan
  - Principal: $127,963.00
  - Counterparty: 1800 Diagonal Lending LLC
  - Rate: 12%
  - Event: incurrence
  source text: On April 8, 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 $127,963.00
  evidence_url: https://www.sec.gov/Archives/edgar/data/1421636/000121390024032581/0001213900-24-032581-index.htm
- Material Agreements
  C-Bond Systems, Inc entered into Promissory Note with 1800 Diagonal Lending LLC valued at $127,963.00 (effective 2024-04-08).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: 1800 Diagonal Lending LLC
  - Value: $127,963.00
  - Effective: 2024-04-08
  source text: On April 8, 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 $127,963.00 (the “Principal”), and an accompanying Securities Purchase Agreement (“SPA”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1421636/000121390024032581/0001213900-24-032581-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.