{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-24-012395","form_type":"8-K","ticker":null,"cik":"0001781405","company_name":"Odyssey Semiconductor Technologies, Inc.","filed_at":"2024-04-18T23:59:59+00:00","discovered_at":"2026-05-14T18:03:20.062771+00:00","generated_at":"2026-06-03T19:15:55.531858+00:00","sec_items":["1.01","2.03","3.02","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Odyssey Semiconductor issues $190K secured convertible note to Chairman's trust at 10% interest","bullets":["$190,000 secured convertible promissory note issued to Edmunds Trust, where Chairman John Edmunds is trustee.","Note bears 10% non-compounding interest, payable in common stock at the conversion price.","Conversion price: 80% of public offering price if ≥$5M offering, or average of last 20 trading days' closing price.","Upon a Corporate Transaction, note redeemed at 200% of principal plus accrued interest.","Matures June 30, 2025, or earlier upon conversion or a Financing Event."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-24-012395","json":"https://secwatch.observer/filing/0001437749-24-012395.json","markdown":"https://secwatch.observer/filing/0001437749-24-012395.md","text":"https://secwatch.observer/filing/0001437749-24-012395.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1781405/000143774924012395/0001437749-24-012395-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1781405/000143774924012395/odii20240418_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T19:15:55.531858+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":"92f63a66075fef41783654fbe2f0b54ecc49fa15","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 on 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 April 15, 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/1781405/000143774924012395/0001437749-24-012395-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":"on 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"},{"claim_id":"f6461e52bc9938c49c3aa1395263faef4f5216b0","claim":"Odyssey Semiconductor Technologies, Inc. entered into Promissory Note with Nina and John Edmunds 1998 Family Trust dated January 27, 1998 valued at $190,000 (effective 2024-04-15).","evidence_excerpt":"On April 15, 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 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1781405/000143774924012395/0001437749-24-012395-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"Nina and John Edmunds 1998 Family Trust dated January 27, 1998"},{"label":"Value","value":"$190,000"},{"label":"Effective","value":"2024-04-15"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}