---
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"
generated_at: "2026-06-03T19:15:55.531858+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Odyssey Semiconductor issues $190K secured convertible note to Chairman's trust at 10% interest

## Summary
- $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.

## SEC filing metadata
- accession: 0001437749-24-012395
- form_type: 8-K
- cik: 0001781405
- company_name: Odyssey Semiconductor Technologies, Inc.
- filed_at: 2024-04-18T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-012395
- JSON: https://secwatch.observer/filing/0001437749-24-012395.json
- Plain text: https://secwatch.observer/filing/0001437749-24-012395.txt

## Key facts
- Debt Financings
  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.
  - Instrument: convertible notes
  - Principal: $190,000
  - Counterparty: Nina and John Edmunds 1998 Family Trust dated January 27, 1998
  - Rate: ten percent (10%) per annum, on a non-compounding basis
  - Maturity: 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
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1781405/000143774924012395/0001437749-24-012395-index.htm
- Material Agreements
  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).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: Nina and John Edmunds 1998 Family Trust dated January 27, 1998
  - Value: $190,000
  - Effective: 2024-04-15
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1781405/000143774924012395/0001437749-24-012395-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.