---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-029516"
form_type: "8-K"
ticker: "LODE"
cik: "0001120970"
company_name: "Comstock Inc."
filed_at: "2024-09-19T23:59:59+00:00"
generated_at: "2026-05-31T03:29:26.441878+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Comstock Inc. enters into $5.3 million convertible note agreement with investor

## Summary
- Initial tranche of $3.5 million funded on September 19, 2024, with 6% original issue discount.
- Convertible note carries 6% interest, prepayable at 120% of principal, and convertible at 200% of closing price initially.
- Company issued restricted shares equal to 2% and registered shares equal to 3% of principal amount as additional consideration.
- Investor prohibited from short selling while note is outstanding; company restricted from variable rate transactions.
- Press release also notes SBCC term sheet for up to $325 million funding and updates on fuels and metals commercialization.

## SEC filing metadata
- accession: 0001437749-24-029516
- form_type: 8-K
- ticker: LODE
- cik: 0001120970
- company_name: Comstock Inc.
- filed_at: 2024-09-19T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1120970/000143774924029516/0001437749-24-029516-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1120970/000143774924029516/lode20240917_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-029516
- JSON: https://secwatch.observer/filing/0001437749-24-029516.json
- Plain text: https://secwatch.observer/filing/0001437749-24-029516.txt

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