---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-22-011459"
form_type: "8-K"
ticker: "NASC"
cik: "0001509957"
company_name: "Can B Corp"
filed_at: "2022-04-29T23:59:59+00:00"
generated_at: "2026-06-26T02:34:53.343735+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Can B Corp. issues $150K convertible note with warrants; extends Arena notes with $300K payment

## Summary
- Issued $150K principal note (12% interest, convertible at $4.00) and warrants for 23,437 shares at $6.40, net proceeds $135K after 10% OID.
- Amended Arena notes: extended maturity to April 30, 2022, waived defaults, agreed to pay $300K upon S-1 effectiveness.
- Company will pay all interest due on 2020 notes in stock and 2021 notes in cash at closing of S-1.
- Option to further extend Arena notes up to 2 months at $100K per month.
- Note includes anti-dilution, most-favored-nation provisions, and 10% prepayment penalty.

## SEC filing metadata
- accession: 0001493152-22-011459
- form_type: 8-K
- ticker: NASC
- cik: 0001509957
- company_name: Can B Corp
- filed_at: 2022-04-29T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1509957/000149315222011459/0001493152-22-011459-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1509957/000149315222011459/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-22-011459
- JSON: https://secwatch.observer/filing/0001493152-22-011459.json
- Plain text: https://secwatch.observer/filing/0001493152-22-011459.txt

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