{"schema_version":"secwatch.filing_event.v1","accession":"0001477932-24-001117","form_type":"8-K","ticker":null,"cik":"0001285543","company_name":"Zerify, Inc.","filed_at":"2024-03-11T23:59:59+00:00","discovered_at":"2026-05-14T18:03:23.682564+00:00","generated_at":"2026-06-04T23:42:08.796105+00:00","sec_items":["1.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"Zerify exchanges 13.1B warrants and $1M note for Series C/D convertible preferred stock","bullets":["Issued 5,496 Series C shares (conversion price $0.0004) to retire 11.2B warrants and $1M note.","Issued 460 Series D shares (conversion price $0.00025) to retire 1.84B warrants.","Full conversion could add ~15.6B common shares, massively diluting existing ~4B shares outstanding.","Company agrees to pursue reverse stock split and refrain from future issuances below $0.00025.","Exchange qualifies for Section 3(a)(9), making converted shares free-trading without restriction."],"urls":{"canonical":"https://secwatch.observer/filing/0001477932-24-001117","json":"https://secwatch.observer/filing/0001477932-24-001117.json","markdown":"https://secwatch.observer/filing/0001477932-24-001117.md","text":"https://secwatch.observer/filing/0001477932-24-001117.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1285543/000147793224001117/0001477932-24-001117-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1285543/000147793224001117/zrfy_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T23:42:08.796105+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":"bf0ccdd141b12b0352c0e8133718c07250dae744","claim":"Zerify, Inc. entered into Series D Exchange Agreement with Walleye Opportunities Master Fund Ltd. (effective 2024-02-26).","evidence_excerpt":"on February 26, 2024, the Company entered into an exchange agreement (the “Series D Exchange Agreement”) with existing an existing investor, whereby the Company is to issue 460 shares of Series D Convertible Preferred Stock (the “Series D Preferred Stock”) in exchange for 1,838,800,003 issued and outstanding warrants.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1285543/000147793224001117/0001477932-24-001117-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"Walleye Opportunities Master Fund Ltd."},{"label":"Effective","value":"2024-02-26"}],"fact_type":"material_agreement"},{"claim_id":"fc6ec5682cce79fef0cd75802da04f9e41018cff","claim":"Zerify, Inc. entered into Series C Exchange Agreements (effective 2024-02-27).","evidence_excerpt":"On February 27, 2024, Zerify, Inc., a Wyoming corporation (the “Company”), entered into seven separate exchange agreements (collectively, the “Series C Exchange Agreements”) with existing investors, whereby the Company is to issue a total of 5,496 shares of Series C Convertible Preferred Stock (the “Series C Preferred Stock”) in exchange for a total of 11,234,924,850 issued and outstanding warrants and a $1,000,000 promissory note.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1285543/000147793224001117/0001477932-24-001117-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Effective","value":"2024-02-27"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}