---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-22-026307"
form_type: "8-K"
ticker: "KOAN"
cik: "0000897078"
company_name: "Resonate Blends, Inc."
filed_at: "2022-09-20T23:59:59+00:00"
generated_at: "2026-06-23T08:41:32.849037+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Resonate Blends issues $600K convertible note to AJB Capital; receives $526.5K net

## Summary
- Convertible promissory note issued for $600K principal; net proceeds $526.5K after OID and fees.
- Note bears 12% interest, matures in six months (extendable to 12 months at 15%).
- Conversion price set at lower of 20-day VWAP at issuance or conversion date.
- Issued 5.57M commitment shares (3M returnable) and warrant for 1M shares at $0.25.
- Investor gets right of first refusal on future offerings; restrictions on variable rate debt below $0.07.

## SEC filing metadata
- accession: 0001493152-22-026307
- form_type: 8-K
- ticker: KOAN
- cik: 0000897078
- company_name: Resonate Blends, Inc.
- filed_at: 2022-09-20T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/897078/000149315222026307/0001493152-22-026307-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/897078/000149315222026307/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-22-026307
- JSON: https://secwatch.observer/filing/0001493152-22-026307.json
- Plain text: https://secwatch.observer/filing/0001493152-22-026307.txt

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