{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-25-008330","form_type":"8-K","ticker":null,"cik":"0001704795","company_name":"Bantec, Inc.","filed_at":"2025-03-19T23:59:59+00:00","discovered_at":"2026-05-14T18:03:04.508570+00:00","generated_at":"2026-05-24T11:54:19.281491+00:00","sec_items":["1.01","2.03","3.02","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Bantec restructures $142,668 debt with Matterhorn Partners via convertible note","bullets":["Consented to assignment of $142,668.49 debt from Frondeur to Matterhorn; issued amended restated convertible note.","Note bears 12% interest, matures Dec 18, 2025; convertible at 70% of market price (30% discount).","Conversion limited to 9.99% beneficial ownership; monthly cap of $40,000 per 30-day period until maturity or default.","Amends/restates eight prior notes from Oct 2022–May 2023 (each $15,000 principal) plus accrued interest.","If conversion shares not delivered within 3 business days, company pays $2,000/day late fee."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-25-008330","json":"https://secwatch.observer/filing/0001437749-25-008330.json","markdown":"https://secwatch.observer/filing/0001437749-25-008330.md","text":"https://secwatch.observer/filing/0001437749-25-008330.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1704795/000143774925008330/0001437749-25-008330-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1704795/000143774925008330/bant20250319c_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-24T11:54:19.281491+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":"5d08859d9f14a31525ffc2670513f905d1ed52ed","claim":"Bantec, Inc. incurred convertible notes of $142,668.49 with Matterhorn Partners LLC.","evidence_excerpt":"the Company exchanged the Notes and issued an amended and restated convertible promissory note to Matterhorn in the principal amount of $142,668.49","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1704795/000143774925008330/0001437749-25-008330-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"$142,668.49"},{"label":"Counterparty","value":"Matterhorn Partners LLC"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}