{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-22-006672","form_type":"8-K","ticker":"CLCS","cik":"0001569340","company_name":"Cell Source, Inc.","filed_at":"2022-03-11T23:59:59+00:00","discovered_at":"2026-05-14T18:04:07.099589+00:00","generated_at":"2026-06-26T23:35:52.796568+00:00","sec_items":["1.01","5.02"],"event_type":"debt","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Cell Source issues $2.5M convertible note to new board member George Verstraete at 10% interest","bullets":["Appointed George Verstraete to the board; he agreed to loan $2.5M via a convertible promissory note.","Note bears 10% interest per annum, matures in 12 months from March 10, 2022.","Convertible into Series B Preferred Stock at $7.50/share; interest may be paid in cash or common stock at $0.75/share.","For each $500K advanced, Verstraete receives a warrant for 400K common shares at $1.25/share with a 5-year term."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-22-006672","json":"https://secwatch.observer/filing/0001493152-22-006672.json","markdown":"https://secwatch.observer/filing/0001493152-22-006672.md","text":"https://secwatch.observer/filing/0001493152-22-006672.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1569340/000149315222006672/0001493152-22-006672-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1569340/000149315222006672/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-26T23:35:52.796568+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":"5f2418ce76","claim":"George Verstraete was appointed as member of the Board at Cell Source, Inc..","evidence_excerpt":"On March 10, 2022, the Board of Directors of the Company appointed George Verstraete as a member of the Board.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1569340/000149315222006672/0001493152-22-006672-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"member of the Board"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}