---
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"
generated_at: "2026-05-24T11:54:19.281491+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Bantec restructures $142,668 debt with Matterhorn Partners via convertible note

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-25-008330
- form_type: 8-K
- cik: 0001704795
- company_name: Bantec, Inc.
- filed_at: 2025-03-19T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-25-008330
- JSON: https://secwatch.observer/filing/0001437749-25-008330.json
- Plain text: https://secwatch.observer/filing/0001437749-25-008330.txt

## Key facts
- Debt Financings
  Bantec, Inc. incurred convertible notes of $142,668.49 with Matterhorn Partners LLC.
  - Instrument: convertible notes
  - Principal: $142,668.49
  - Counterparty: Matterhorn Partners LLC
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1704795/000143774925008330/0001437749-25-008330-index.htm

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