secwatch.observer — SEC 8-K summary
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Issuer:     C-Bond Systems, Inc (—)
CIK:        0001421636
Form:       8-K
Filed at:   2024-04-12T23:59:59+00:00
Accession:  0001213900-24-032581
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1421636/000121390024032581/0001213900-24-032581-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1421636/000121390024032581/ea0203707-8k_cbond.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-032581

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