{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-25-000902","form_type":"8-K","ticker":"LODE","cik":"0001120970","company_name":"Comstock Inc.","filed_at":"2025-01-13T23:59:59+00:00","discovered_at":"2026-05-14T18:03:02.972868+00:00","generated_at":"2026-05-28T02:46:42.929293+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Comstock issues $10.6M convertible note to Kips Bay; conversion at 88% VWAP, requires shareholder vote","bullets":["Issued $10.638M principal 6% convertible note to Kips Bay Select, LP; initial $5M cash funded, second $5M after reverse split.","Note converts at 88% of lowest 6-day VWAP (80% if default), due April 2026; prepayable at 120% of principal plus interest.","Shareholder meeting must be called by Feb 28, 2025 to increase authorized shares; reverse split needed for second tranche.","Commitment shares equal to 5% of principal (2% restricted, 3% registered) to be issued 11 business days after closing.","Investor covenant prohibits short sales while note outstanding; company restricted from variable-rate transactions."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-25-000902","json":"https://secwatch.observer/filing/0001437749-25-000902.json","markdown":"https://secwatch.observer/filing/0001437749-25-000902.md","text":"https://secwatch.observer/filing/0001437749-25-000902.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1120970/000143774925000902/0001437749-25-000902-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1120970/000143774925000902/lode20250108_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-28T02:46:42.929293+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}