---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-25-009699"
form_type: "8-K"
ticker: null
cik: "0001421636"
company_name: "C-Bond Systems, Inc"
filed_at: "2025-02-04T23:59:59+00:00"
generated_at: "2026-05-27T03:23:40.742195+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# C-Bond Systems transfers all assets to Badcer to settle debt; redeems shares for $1

## Summary
- Transfers all assets (80% Patriot Glass membership, 100% C-Bond LLC, receivables, IP) to Badcer Ops to settle $990K Badders Notes and Mercer Notes.
- Redeems 6,550 Badcer Preferred Shares, 28M Wanke common, 19.3M Badders common, 11.5M Badders Trust common for $1 each.
- Director Barry Edelstein resigned Dec 31, 2024; board reduces from three to two members.
- Scott Silverman and Allison Tomek resign as managers/officers of C-Bond LLC and Patriot Glass.
- C-Bond retains website, will continue marketing Patriot products under Representative Agreement.

## SEC filing metadata
- accession: 0001213900-25-009699
- form_type: 8-K
- cik: 0001421636
- company_name: C-Bond Systems, Inc
- filed_at: 2025-02-04T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 2.01, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1421636/000121390025009699/0001213900-25-009699-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1421636/000121390025009699/ea0229586-8k_cbond.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-25-009699
- JSON: https://secwatch.observer/filing/0001213900-25-009699.json
- Plain text: https://secwatch.observer/filing/0001213900-25-009699.txt

## Key facts
- Executive change
  Barry M. Edelstein resigned as Director at C-Bond Systems, Inc.
  - Action: resigned
  - Role: Director
  source text: On December 21, 2024, Barry M. Edelstein, a member of the Company’s Board of Directors (“Board”), notified the Company of his intention to resign from the Board due to changing professional priorities, effective December 31, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1421636/000121390025009699/0001213900-25-009699-index.htm
- M&A Transactions
  C-Bond Systems, Inc completed a disposition involving Badcer Ops, Inc. for $1.00 (closed 2025-01-30).
  - Action: disposition
  - Counterparty: Badcer Ops, Inc.
  - Consideration: $1.00
  - Closing: 2025-01-30
  source text: of Patriot’s products. In addition, at the Closing, (i) C-Bond redeemed from Badcer the Badcer Preferred Shares (as defined in the Agreement) in exchange for a payment of $1.00 in total, and Badcer assigned all of Badcer’ rights, titles and interest in and to the Badcer Preferred Shares to C-Bond; (ii) C-Bond redeemed from Mr. Wanke the the Wanke Common
  evidence_url: https://www.sec.gov/Archives/edgar/data/1421636/000121390025009699/0001213900-25-009699-index.htm

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