{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-24-001356","form_type":"8-K","ticker":null,"cik":"0001781405","company_name":"Odyssey Semiconductor Technologies, Inc.","filed_at":"2024-01-16T23:59:59+00:00","discovered_at":"2026-05-14T18:03:25.500374+00:00","generated_at":"2026-06-06T23:23:05.614230+00:00","sec_items":["1.01","2.03","3.02","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.35,"calibrated_materiality_score":0.35,"confidence":"high","headline":"Odyssey Semiconductor issues $190K secured convertible note to Chairman-controlled trust","bullets":["Issued $190K secured convertible promissory note to Edmunds Trust, where Chairman John Edmunds is trustee.","Note bears 10% non-compounding interest, matures June 30, 2025; interest paid in common stock at conversion.","Conversion at 80% of public offering price if IPO≥$5M or exchange listing, else at 20-day VWAP.","On corporate transaction, note redeemed at 200% of principal plus accrued interest.","Secured by all assets; ranks junior to prior notes from same holder totaling ~$3.99M."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-24-001356","json":"https://secwatch.observer/filing/0001437749-24-001356.json","markdown":"https://secwatch.observer/filing/0001437749-24-001356.md","text":"https://secwatch.observer/filing/0001437749-24-001356.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1781405/000143774924001356/0001437749-24-001356-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1781405/000143774924001356/odii20240116_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T23:23:05.614230+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":"c5d2a819d3cb068b7581ff3718b594028b790725","claim":"Odyssey Semiconductor Technologies, Inc. incurred convertible notes of $190,000 with Nina and John Edmunds 1998 Family Trust dated January 27, 1998 at ten percent (10%) per annum, on a non-compounding basis maturing the 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 January 11, 2024, Odyssey Semiconductor Technologies, Inc. (the “Company”) issued a secured convertible promissory note in the amount of $190,000 (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/1781405/000143774924001356/0001437749-24-001356-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"$190,000"},{"label":"Counterparty","value":"Nina and John Edmunds 1998 Family Trust dated January 27, 1998"},{"label":"Rate","value":"ten percent (10%) per annum, on a non-compounding basis"},{"label":"Maturity","value":"the 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"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}