{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-25-008329","form_type":"8-K","ticker":null,"cik":"0001704795","company_name":"Bantec, Inc.","filed_at":"2025-03-19T23:59:59+00:00","discovered_at":"2026-05-14T18:03:04.508377+00:00","generated_at":"2026-05-24T11:54:05.728351+00:00","sec_items":["1.01","2.03","3.02","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Bantec issues $625K convertible note to Matterhorn after Trillium assignment","bullets":["Trillium assigned Bantec debt ($276,444.95) and Series C Preferred ($348,555.05) to Matterhorn.","Issued amended restated convertible promissory note for $625,000 principal, due Dec 18, 2025.","Note has 12% interest (22% default rate), convertible at 70% of market price with $80,000 monthly cap.","Conversion limited to 9.99% beneficial ownership; holder cannot waive this restriction.","Note is secured by receivables and collection account under prior advance agreement."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-25-008329","json":"https://secwatch.observer/filing/0001437749-25-008329.json","markdown":"https://secwatch.observer/filing/0001437749-25-008329.md","text":"https://secwatch.observer/filing/0001437749-25-008329.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1704795/000143774925008329/0001437749-25-008329-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1704795/000143774925008329/bant20250319_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-24T11:54:05.728351+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":"ab7de823a50ac94506c98b24ec9aa55dae92e96b","claim":"Bantec, Inc. amended convertible notes of $625,000 with Matterhorn Partners LLC.","evidence_excerpt":"the Company exchanged the Note and the Preferred Shares and issued an amended and restated convertible promissory note to Matterhorn in the principal amount of $625,000","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1704795/000143774925008329/0001437749-25-008329-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"$625,000"},{"label":"Counterparty","value":"Matterhorn Partners LLC"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}