{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-23-002469","form_type":"8-K","ticker":null,"cik":"0001686400","company_name":"Salt Blockchain Inc.","filed_at":"2023-02-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:46.138337+00:00","generated_at":"2026-06-20T01:10:14.711418+00:00","sec_items":["1.01","3.02","3.03","5.01","5.02","5.03","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"Salt Blockchain issues Series A Preferred in debt exchange; preferred holders own 89%","bullets":["Issued 94,511,080 Series A Preferred shares to existing borrowers/lenders for ~$62.5M in digital asset debt.","Series A holders own ~89% of company on an as-converted basis; common stockholders massively diluted.","Charter amended: Series A carries 8% dividend, conversion at $0.66134, and right to elect one director.","Outstanding loans extended by 24 months; lender non-call period extended; interest on remaining lender loans set at 4%.","2019 Equity Incentive Plan share pool increased to 10,477,897 shares."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-23-002469","json":"https://secwatch.observer/filing/0001437749-23-002469.json","markdown":"https://secwatch.observer/filing/0001437749-23-002469.md","text":"https://secwatch.observer/filing/0001437749-23-002469.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1686400/000143774923002469/0001437749-23-002469-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1686400/000143774923002469/slbc20230201_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-20T01:10:14.711418+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":"cb40517374d126f6b933de3cf648f25efa54a012","claim":"Salt Blockchain Inc. underwent a change of control involving the Purchasers (closed 2023-01-31).","evidence_excerpt":"As a result of the consummation of the transactions contemplated by the Exchange Agreement, the holders of Series A Preferred Stock own approximately 89% of the Company on an as-converted to common stock basis.","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1686400/000143774923002469/0001437749-23-002469-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"change of control"},{"label":"Counterparty","value":"the Purchasers"},{"label":"Closing","value":"2023-01-31"}],"fact_type":"ma_transaction"},{"claim_id":"fa55860d2078f6856101c3b96e37737fdb590b92","claim":"Salt Blockchain Inc. entered into Series A Preferred Stock and Debt Exchange Agreement with the Purchasers valued at approximately $62,503,957.65 (effective 2023-01-31).","evidence_excerpt":"On January 31, 2023, Salt Blockchain Inc. (the “Company”) entered into a Series A Preferred Stock and Debt Exchange Agreement (the “Exchange Agreement”) and the purchaser parties thereto (the “Purchasers”), pursuant to which the Company agreed to issue and sell, in a private placement, shares of Series A Preferred Stock of the Company (the “Series A Preferred Stock”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1686400/000143774923002469/0001437749-23-002469-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"the Purchasers"},{"label":"Value","value":"approximately $62,503,957.65"},{"label":"Effective","value":"2023-01-31"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}