secwatch.observer — SEC 8-K summary
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Issuer:     Can B Corp (NASC)
CIK:        0001509957
Form:       8-K
Filed at:   2022-06-15T23:59:59+00:00
Accession:  0001493152-22-016845
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Can B Corp obtains $56,250 net from $62,500 convertible note financing
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- Note principal $62,500 with 10% original issue discount; net proceeds $56,250.
- Note convertible at $4.00/share, 12% annual interest (16% on default).
- Warrants issued for 9,766 shares at $6.40/share, subject to price adjustment.
- Prepayment penalty of 10%; mandatory repayment if S-1 offering declared effective.
- Securities issued under Section 4(a)(2) and Regulation D exemption.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1509957/000149315222016845/0001493152-22-016845-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1509957/000149315222016845/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-016845

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