---
schema_version: "secwatch.filing_event.v1"
accession: "0001368365-23-000016"
form_type: "8-K"
ticker: null
cik: "0001368365"
company_name: "REMARK HOLDINGS, INC."
filed_at: "2023-03-16T23:59:59+00:00"
generated_at: "2026-06-18T00:19:11.271217+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Remark Holdings raises $2.5M via convertible debentures, restructures Mudrick loan

## Summary
- Issued two convertible subordinated debentures to Ionic Ventures; aggregate purchase price $2.5M, principal $2.778M, 10% interest.
- Conversion price is lower of 80% of VWAP floor or $1.40 fixed, subject to full ratchet anti-dilution; floor at $0.20.
- Entered note purchase agreement with Mudrick Capital; new notes at 20.5% interest, due Oct 31, 2023, $750K extension fee added to principal.
- Debentures auto-convert upon registration effectiveness or after 181 days; registration rights require filing within 15 days of 10-K.

## SEC filing metadata
- accession: 0001368365-23-000016
- form_type: 8-K
- cik: 0001368365
- company_name: REMARK HOLDINGS, INC.
- filed_at: 2023-03-16T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1368365/000136836523000016/0001368365-23-000016-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1368365/000136836523000016/mark-20230314.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001368365-23-000016
- JSON: https://secwatch.observer/filing/0001368365-23-000016.json
- Plain text: https://secwatch.observer/filing/0001368365-23-000016.txt

## Key facts
- Debt Financings
  REMARK HOLDINGS, INC. incurred convertible notes of aggregate principal amount of $2,778,000 with Ionic Ventures, LLC at 10% per annum.
  - Instrument: convertible notes
  - Principal: aggregate principal amount of $2,778,000
  - Counterparty: Ionic Ventures, LLC
  - Rate: 10% per annum
  - Event: incurrence
  source text: On March 14, 2023, Remark Holdings, Inc. (“Remark,” “we,” “us” or “our”) entered into a debenture purchase agreement (the “Debenture Purchase Agreement”) with Ionic Ventures, LLC (“Ionic”), pursuant to which we authorized the issuance and sale of two convertible subordinated debentures in the aggregate principal amount of $2,778,000
  evidence_url: https://www.sec.gov/Archives/edgar/data/1368365/000136836523000016/0001368365-23-000016-index.htm

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