{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-23-000516","form_type":"8-K","ticker":"STCB","cik":"0001539850","company_name":"Starco Brands, Inc.","filed_at":"2023-01-05T23:59:59+00:00","discovered_at":"2026-05-14T18:03:45.504938+00:00","generated_at":"2026-06-20T19:35:51.740187+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Starco Brands enters $2M secured promissory note with CEO; issues warrants for 285,714 shares at $0.01","bullets":["$2,000,000 secured promissory note issued to CEO Ross Sklar on Dec 29, 2022.","Note carries floating interest rate of WSJ Prime + 4% (currently 11.5%), matures Aug 1, 2023.","Warrants to purchase 285,714 shares of common stock at $0.01 per share, exercisable until Dec 29, 2027.","Security agreement grants security interest in substantially all tangible and intangible personal property.","Financing approved by disinterested directors to provide short-term liquidity for non-ordinary course transactions."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-23-000516","json":"https://secwatch.observer/filing/0001437749-23-000516.json","markdown":"https://secwatch.observer/filing/0001437749-23-000516.md","text":"https://secwatch.observer/filing/0001437749-23-000516.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1539850/000143774923000516/0001437749-23-000516-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1539850/000143774923000516/stcb20221230_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-20T19:35:51.740187+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":"57675fc77f06509cddf254529d75d158ec6efb42","claim":"Starco Brands, Inc. incurred loan of $2,000,000 with Ross Sklar at Wall Street Journal Prime Rate (re-assessed on the first day of each month) plus maturing August 1, 2023.","evidence_excerpt":"Promissory Note The Promissory Note was issued to Sklar on December 29, 2022, in the principal sum of $2,000,000, and provides for the funding of $2,000,000 by Sklar to the Company (the \"Loaned Funds\"). The Promissory Note carries a floating interest rate comprised of the Wall Street Journal Prime Rate (re-assessed on the first day of each month) plus 4% (for a current floating interest rate of 11.5%) (the \"Interest Rate\"). The Promissory Note matures on August 1, 2023 (the \"Maturity Date\"), and has a default interest rate equal to the then current Interest Rate plus 5%.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1539850/000143774923000516/0001437749-23-000516-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"$2,000,000"},{"label":"Counterparty","value":"Ross Sklar"},{"label":"Rate","value":"Wall Street Journal Prime Rate (re-assessed on the first day of each month) plus"},{"label":"Maturity","value":"August 1, 2023"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"4fd454c246f9c8e0a14442863e6639d9eca68f6e","claim":"Starco Brands, Inc. entered into Promissory Note with Ross Sklar valued at $2,000,000 (effective 2022-12-29).","evidence_excerpt":"The Promissory Note was issued to Sklar on December 29, 2022, in the principal sum of $2,000,000, and provides for the funding of $2,000,000 by Sklar to the Company (the \"Loaned Funds\").","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1539850/000143774923000516/0001437749-23-000516-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Ross Sklar"},{"label":"Value","value":"$2,000,000"},{"label":"Effective","value":"2022-12-29"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}