---
schema_version: "secwatch.filing_event.v1"
accession: "0001477932-23-007644"
form_type: "8-K"
ticker: null
cik: "0001629205"
company_name: "Innovation1 Biotech Inc."
filed_at: "2023-10-16T23:59:59+00:00"
generated_at: "2026-06-09T23:24:00.086594+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.15
calibrated_materiality_score: 0.15
confidence: "high"
source: SEC EDGAR
---

# Innovation1 Biotech issues $20,000 promissory note at 10% interest

## Summary
- Note issued October 11, 2023 to accredited investor for $20,000 principal.
- Bears 10% annual interest; matures Jan 9, 2024 or five days after demand.
- No conversion or equity features disclosed; note is a direct obligation of the company.

## SEC filing metadata
- accession: 0001477932-23-007644
- form_type: 8-K
- cik: 0001629205
- company_name: Innovation1 Biotech Inc.
- filed_at: 2023-10-16T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.15
- calibrated_materiality_score: 0.15
- confidence: high
- sec_items: 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1629205/000147793223007644/0001477932-23-007644-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1629205/000147793223007644/ivbt_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001477932-23-007644
- JSON: https://secwatch.observer/filing/0001477932-23-007644.json
- Plain text: https://secwatch.observer/filing/0001477932-23-007644.txt

## Key facts
- Debt Financings
  Innovation1 Biotech Inc. incurred loan of $20,000 at 10% per annum maturing the earlier of January 9, 2024, and five days from the date that the noteholder demands repayment.
  - Instrument: loan
  - Principal: $20,000
  - Rate: 10% per annum
  - Maturity: the earlier of January 9, 2024, and five days from the date that the noteholder demands repayment
  - Event: incurrence
  source text: On October 11, 2023, Innovation1 Biotech Inc. (the “Company”) issued a $20,000 Demand Promissory Note (the “Note”) to an accredited investor in consideration for $20,000. The Note: (i) bears 10% interest per annum and (ii) matures on the earlier of January 9, 2024, and five days from the date that the noteholder demands repayment.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1629205/000147793223007644/0001477932-23-007644-index.htm

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