{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-26-033299","form_type":"8-K","ticker":"BRQL","cik":"0001854526","company_name":"DYNAMIC AEROSPACE SYSTEMS Corp","filed_at":"2026-10-22T21:43:46+00:00","discovered_at":"2026-10-23T10:05:00.446288+00:00","generated_at":"2026-10-23T10:05:52.234693+00:00","sec_items":["1.01","2.03","5.02","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Dynamic Aerospace funds itself via CEO/COO loans at up to 29.99%; CFO Hoops' base pay raised to $200,000","bullets":["Subordinated secured notes and revolvers with COO Jeffrey Hail and CEO Kent Wilson: Hail note $35,581.67 at 18%; Hail revolver up to $90,000 and Wilson revolver up to $40,000 at 29.99%.","Revolver balances already exceed limits: Hail $105,452.71 (incl. $19,273.35 fee reimbursement), Wilson $49,977.58 (incl. $14,380.67); both due Dec 31, 2026 or uplisting.","Hail's amended short-term loan (Oct 13, 2026) rolled $135,000 of advances carrying 5% OID and 15% flat interest ($163,421.06 total); $128,171.06 outstanding, unsecured.","Both executives waived defaults from non-payment at original maturities; liens rank behind senior lender Platinum Point Capital LLC, and 15% of certain capital-raise proceeds must repay Hail.","CFO Robin Hoops' annual base salary rose from $185,000 to $200,000, effective September 16, 2026, under her March 10, 2026 offer letter."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-26-033299","json":"https://secwatch.observer/filing/0001437749-26-033299.json","markdown":"https://secwatch.observer/filing/0001437749-26-033299.md","text":"https://secwatch.observer/filing/0001437749-26-033299.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1854526/000143774926033299/0001437749-26-033299-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1854526/000143774926033299/brql20261022_8k.htm"},"model":{"generated_by":"deepseek-v4.1-flash:cloud@v2","generated_at":"2026-10-23T10:05:52.234693+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}