{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-24-000135","form_type":"8-K","ticker":null,"cik":"0001781405","company_name":"Odyssey Semiconductor Technologies, Inc.","filed_at":"2024-01-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:25.500132+00:00","generated_at":"2026-06-07T05:24:37.029227+00:00","sec_items":["1.01","2.03","3.02","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.35,"calibrated_materiality_score":0.35,"confidence":"high","headline":"Odyssey Semiconductor issues $30K secured convertible note to Chairman's trust at 10% interest","bullets":["$30,000 secured convertible promissory note issued to trust of Chairman John Edmunds; interest 10% non-compounding.","Due June 30, 2025, or upon conversion; interest payable in common stock at conversion price.","Conversion price: 80% of public offering price in Financing Event (≥$5M offering or exchange listing), or 20-day VWAP if voluntary.","Note is secured by all company assets; ranks junior only to four prior notes to same holder totaling $3.96M.","If Corporate Transaction before conversion, note redeemed at 200% of principal plus accrued interest."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-24-000135","json":"https://secwatch.observer/filing/0001437749-24-000135.json","markdown":"https://secwatch.observer/filing/0001437749-24-000135.md","text":"https://secwatch.observer/filing/0001437749-24-000135.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1781405/000143774924000135/0001437749-24-000135-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1781405/000143774924000135/odii20240102_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T05:24:37.029227+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":"158101a817cb50ef49a04bcf1ad67c411b799d42","claim":"Odyssey Semiconductor Technologies, Inc. incurred convertible notes of $30,000 with Nina and John Edmunds 1998 Family Trust at ten percent (10%) per annum maturing earlier of (i) the date upon which the Promissory Note is converted into equity securities of the Company, or (ii) June 30, 2025.","evidence_excerpt":"On December 26, 2023, Odyssey Semiconductor Technologies, Inc. (the “Company”) issued a secured convertible promissory note in the amount of $30,000 (the “Promissory Note”) to the Nina and John Edmunds 1998 Family Trust dated January 27, 1998 (the “Edmunds Trust”), of which the Company’s Chairman, John Edmunds, is the trustee.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1781405/000143774924000135/0001437749-24-000135-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"$30,000"},{"label":"Counterparty","value":"Nina and John Edmunds 1998 Family Trust"},{"label":"Rate","value":"ten percent (10%) per annum"},{"label":"Maturity","value":"earlier of (i) the date upon which the Promissory Note is converted into equity securities of the Company, or (ii) June 30, 2025"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"4889e5624e7b2e96a21d01103ecb3e792d3fa605","claim":"Odyssey Semiconductor Technologies, Inc. entered into Promissory Note with the Nina and John Edmunds 1998 Family Trust valued at $30,000 (effective 2023-12-26).","evidence_excerpt":"On December 26, 2023, Odyssey Semiconductor Technologies, Inc. (the “Company”) issued a secured convertible promissory note in the amount of $30,000 (the “Promissory Note”) to the Nina and John Edmunds 1998 Family Trust","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1781405/000143774924000135/0001437749-24-000135-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"the Nina and John Edmunds 1998 Family Trust"},{"label":"Value","value":"$30,000"},{"label":"Effective","value":"2023-12-26"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}