{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-23-002795","form_type":"8-K","ticker":"MIND","cik":"0000926423","company_name":"MIND TECHNOLOGY, INC","filed_at":"2023-02-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:48.619540+00:00","generated_at":"2026-06-19T22:18:21.585093+00:00","sec_items":["1.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"MIND Technology secures $3.75M loan from Sachem Capital at 12.9% interest, due Feb 2024","bullets":["Loan agreement with Sachem Capital Corp. for $3.75M principal, due February 1, 2024.","Interest rate 12.9% per annum, prepaid through maturity; origination fee of $240,000 paid.","Loan secured by mortgages on certain real estate owned by MIND Technology and Klein Marine Systems.","Loan may be prepaid at any time without penalty."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-23-002795","json":"https://secwatch.observer/filing/0001437749-23-002795.json","markdown":"https://secwatch.observer/filing/0001437749-23-002795.md","text":"https://secwatch.observer/filing/0001437749-23-002795.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/926423/000143774923002795/0001437749-23-002795-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/926423/000143774923002795/mind20230206_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-19T22:18:21.585093+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":"d0ff0cc251acc899162d031a92bfd430e7609c97","claim":"MIND TECHNOLOGY, INC entered into Loan and Security Agreement with Sachem Capital Corp. valued at $3.75 million (effective 2023-02-02).","evidence_excerpt":"On February 2, 2023, MIND Technology, Inc. and its wholly owned subsidiary, Klein Marine Systems Inc., (collectively, the “Borrowers”), entered into a $3.75 million Loan and Security Agreement (the “Loan”) with Sachem Capital Corp., (the “Lender”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/926423/000143774923002795/0001437749-23-002795-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Sachem Capital Corp."},{"label":"Value","value":"$3.75 million"},{"label":"Effective","value":"2023-02-02"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}