{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-25-026275","form_type":"8-K","ticker":"LODE","cik":"0001120970","company_name":"Comstock Inc.","filed_at":"2025-08-12T23:59:59+00:00","discovered_at":"2026-05-14T18:02:43.383694+00:00","generated_at":"2026-05-17T14:16:39.397784+00:00","sec_items":["1.01","2.02","2.03","3.02","5.02","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Comstock amends $8.4M notes, settles $10.6M note, Q2 loss $7.8M, two execs depart","bullets":["Issued 2.9M shares to creditors for $8.39M in notes; warrants extended to Dec 2027 at $4.56/share.","Paid $2.5M cash + 447,724 shares to Kips Bay to satisfy $10.6M convertible note (payoff agreement).","Preliminary Q2 2025: cash $18.6M, revenue $0.3M (Q2) & $1.1M (6mo), net loss $7.8M (Q2) & $16.9M (6mo).","David Winsness and Rahul Bobbili resigned as officers/directors of Comstock entities to join Bioleum Corporation."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-25-026275","json":"https://secwatch.observer/filing/0001437749-25-026275.json","markdown":"https://secwatch.observer/filing/0001437749-25-026275.md","text":"https://secwatch.observer/filing/0001437749-25-026275.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1120970/000143774925026275/0001437749-25-026275-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1120970/000143774925026275/lode20250808c_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T14:16:39.397784+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":"808932d13018ae6846a8868af2f060f0eba62993","claim":"Comstock Inc. amended loan of $8,390,000 with Georges Trust and Alvin Fund LLC at 12% per annum maturing April 15, 2026.","evidence_excerpt":"On August 8, 2025, Comstock Inc. (the “Company” or “Comstock”) amended its outstanding promissory notes with its creditors, Georges Trust and Alvin Fund LLC (“Alvin Fund”), to address the procedures for the repayment of an aggregate of $8,390,000 in principal owed to such creditors pursuant to such promissory notes (together, the “Promissory Note Amendments”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1120970/000143774925026275/0001437749-25-026275-index.htm","confidence":0.95,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"$8,390,000"},{"label":"Counterparty","value":"Georges Trust and Alvin Fund LLC"},{"label":"Rate","value":"12% per annum"},{"label":"Maturity","value":"April 15, 2026"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"},{"claim_id":"cc4627299d3f488020cad7275afc2e363f0c2c35","claim":"Comstock Inc. entered an off-balance-sheet arrangement for convertible notes of original aggregate principal amount of $10,638,298 with Kips Bay Select, LP at 6.0% maturing April 10, 2026.","evidence_excerpt":"On August 12, 2025, the Company entered into a payoff letter agreement (the “Payoff Agreement”), with Kips Bay Select, LP (“Kips Bay”), related to the Company’s obligations under its 6.0% Convertible Promissory Note due April 10, 2026, in the original aggregate principal amount of $10,638,298 (the “Note”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1120970/000143774925026275/0001437749-25-026275-index.htm","confidence":0.95,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"original aggregate principal amount of $10,638,298"},{"label":"Counterparty","value":"Kips Bay Select, LP"},{"label":"Rate","value":"6.0%"},{"label":"Maturity","value":"April 10, 2026"},{"label":"Event","value":"off balance sheet"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}