{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-23-009012","form_type":"8-K","ticker":null,"cik":"0001043894","company_name":"WOLF ENERGY SERVICES INC.","filed_at":"2023-04-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:37.745394+00:00","generated_at":"2026-06-17T06:45:04.393329+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Wolf Energy raises $502,500 via $184,800 note and $350,000 cash advance agreements","bullets":["Promissory note for $184,800 (net $165,000) issued to Red Road Holdings; 12% interest, 22% default rate, matures March 2024.","Subsidiary Pinnacle Frac enters two cash advance agreements, net proceeds $337,500; aggregate purchased amount $480,000.","Note requires ten monthly payments of $20,697.60; conversion at 75% of 5-day bid price upon default.","Company reserves 43,804,444 shares for potential note conversion; 4.99% beneficial ownership cap applies.","CEO Jimmy Galla personally guarantees the subsidiary's cash advance obligations."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-23-009012","json":"https://secwatch.observer/filing/0001437749-23-009012.json","markdown":"https://secwatch.observer/filing/0001437749-23-009012.md","text":"https://secwatch.observer/filing/0001437749-23-009012.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1043894/000143774923009012/0001437749-23-009012-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1043894/000143774923009012/evtn20230331_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-17T06:45:04.393329+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":"5185ae0c6b83f694af079fe6ee489a36f3d65d3d","claim":"WOLF ENERGY SERVICES INC. entered an off-balance-sheet arrangement for debt of aggregate purchased amount of $480,000 with institutional financing parties.","evidence_excerpt":"Cash Advance and Future Receipts Agreements Effective March 29 2023, Pinnacle Frac Transport LLC, a wholly owned subsidiary of the Company (“Pinnacle Frac”), entered into separate agreements with an institutional financing parties (each, a “Purchaser”) to provide an aggregate net financing amount of approximately $350,000 prior to expenses and fees of approximately $12,500.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1043894/000143774923009012/0001437749-23-009012-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Principal","value":"aggregate purchased amount of $480,000"},{"label":"Counterparty","value":"institutional financing parties"},{"label":"Event","value":"off balance sheet"}],"fact_type":"debt_financing"},{"claim_id":"e1e7af365d39ffc8f774286221adb039241f9500","claim":"WOLF ENERGY SERVICES INC. incurred convertible notes of $184,800 with accredited investor at twelve percent (12%) maturing March 27, 2024.","evidence_excerpt":"sold the Investor a promissory note in the principal amount of $184,800 (the “Note”). The Note carries a one-time interest charge of twelve percent (12%) which was applied on the issuance date to the principal (22% upon the occurrence of an event of default) and has a maturity date of March 27, 2024.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1043894/000143774923009012/0001437749-23-009012-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"$184,800"},{"label":"Counterparty","value":"accredited investor"},{"label":"Rate","value":"twelve percent (12%)"},{"label":"Maturity","value":"March 27, 2024"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"22a2d3bad7c7e08deefbb875705a9873c0af076d","claim":"WOLF ENERGY SERVICES INC. entered into Purchase and Sale of Future Receipts with an institutional financing party (effective 2023-03-28).","evidence_excerpt":"Effective March 29 2023, Pinnacle Frac Transport LLC, a wholly owned subsidiary of the Company (“Pinnacle Frac”), entered into separate agreements with an institutional financing parties (each, a “Purchaser”) to provide an aggregate net financing amount of approximately $350,000 prior to expenses and fees of approximately $12,500. Pinnacle Frac entered into a Purchase and Sale of Future Receipts dated as of March 28, 2023 (the “PSFR”); and Pinnacle Frac entered into a Standard Merchant Cash Advance Agreement dated as of March 28, 2023 (the “MCA”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1043894/000143774923009012/0001437749-23-009012-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"asset purchase"},{"label":"Counterparty","value":"an institutional financing party"},{"label":"Effective","value":"2023-03-28"}],"fact_type":"material_agreement"},{"claim_id":"3ebe774c2748ce1286d384843b5afc79c56fd5bb","claim":"WOLF ENERGY SERVICES INC. entered into Securities Purchase Agreement with an accredited investor valued at $184,800 (effective 2023-03-29).","evidence_excerpt":"Effective March 29, 2023, Wolf Energy Services Inc., a Florida corporation (the “Company”) entered into a Securities Purchase Agreement dated March 27, 2023 (the “Purchase Agreement”) with an accredited investor (the “Investor”), pursuant to which the Company sold the Investor a promissory note in the principal amount of $184,800 (the “Note”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1043894/000143774923009012/0001437749-23-009012-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"an accredited investor"},{"label":"Value","value":"$184,800"},{"label":"Effective","value":"2023-03-29"}],"fact_type":"material_agreement"},{"claim_id":"a8cc261cbd499303d6316734b3a7f6d07d6fdbd8","claim":"WOLF ENERGY SERVICES INC. entered into Standard Merchant Cash Advance Agreement with an institutional financing party (effective 2023-03-28).","evidence_excerpt":"Effective March 29 2023, Pinnacle Frac Transport LLC, a wholly owned subsidiary of the Company (“Pinnacle Frac”), entered into separate agreements with an institutional financing parties (each, a “Purchaser”) to provide an aggregate net financing amount of approximately $350,000 prior to expenses and fees of approximately $12,500. Pinnacle Frac entered into a Purchase and Sale of Future Receipts dated as of March 28, 2023 (the “PSFR”); and Pinnacle Frac entered into a Standard Merchant Cash Advance Agreement dated as of March 28, 2023 (the “MCA”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1043894/000143774923009012/0001437749-23-009012-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"asset purchase"},{"label":"Counterparty","value":"an institutional financing party"},{"label":"Effective","value":"2023-03-28"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}