---
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"
generated_at: "2026-05-17T14:16:39.397784+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Comstock amends $8.4M notes, settles $10.6M note, Q2 loss $7.8M, two execs depart

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 2.02, 2.03, 3.02, 5.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-25-026275
- JSON: https://secwatch.observer/filing/0001437749-25-026275.json
- Plain text: https://secwatch.observer/filing/0001437749-25-026275.txt

## Key facts
- Debt Financings
  Comstock Inc. amended loan of $8,390,000 with Georges Trust and Alvin Fund LLC at 12% per annum maturing April 15, 2026.
  - Instrument: loan
  - Principal: $8,390,000
  - Counterparty: Georges Trust and Alvin Fund LLC
  - Rate: 12% per annum
  - Maturity: April 15, 2026
  - Event: amendment
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1120970/000143774925026275/0001437749-25-026275-index.htm
- Debt Financings
  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.
  - Instrument: convertible notes
  - Principal: original aggregate principal amount of $10,638,298
  - Counterparty: Kips Bay Select, LP
  - Rate: 6.0%
  - Maturity: April 10, 2026
  - Event: off balance sheet
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1120970/000143774925026275/0001437749-25-026275-index.htm

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