{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-23-007149","form_type":"8-K","ticker":"STCB","cik":"0001539850","company_name":"Starco Brands, Inc.","filed_at":"2023-03-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:45.505863+00:00","generated_at":"2026-06-18T06:57:59.817745+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Starco Brands enters $800K secured note with CEO; issues 114,286 warrants at $0.01","bullets":["Borrowed $800,000 from CEO Ross Sklar via secured promissory note due July 1, 2023.","Interest rate = Prime Rate + 4% (currently 11.75%); default rate +5%.","Warrants for 114,286 shares of Class A common stock at $0.01 per share, expiring March 2, 2028.","Proceeds used for short-term liquidity for non-ordinary course business and subsidiary.","Security agreement covers substantially all assets (excluding IP) to secure the note."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-23-007149","json":"https://secwatch.observer/filing/0001493152-23-007149.json","markdown":"https://secwatch.observer/filing/0001493152-23-007149.md","text":"https://secwatch.observer/filing/0001493152-23-007149.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1539850/000149315223007149/0001493152-23-007149-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1539850/000149315223007149/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-18T06:57:59.817745+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":"315364920c7f9f2d69f506fa15e8a6e6526b69ce","claim":"Starco Brands, Inc. incurred loan of $800,000 with Ross Sklar, its Chief Executive Officer (“Sklar”) at Wall Street Journal Prime Rate (re-assessed on the first day of each month) plus maturing July 1, 2023.","evidence_excerpt":"course business transactions and liquidity of a wholly-owned subsidiary. Promissory Note The Promissory Note was issued to Sklar on March 3, 2023, in the principal sum of $800,000, and provides for the funding of $800,000 by Sklar to the Company (the “Loaned Funds”). The Promissory Note carries a floating interest rate comprised of the Wall Street","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1539850/000149315223007149/0001493152-23-007149-index.htm","confidence":0.95,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"$800,000"},{"label":"Counterparty","value":"Ross Sklar, its Chief Executive Officer (“Sklar”)"},{"label":"Rate","value":"Wall Street Journal Prime Rate (re-assessed on the first day of each month) plus"},{"label":"Maturity","value":"July 1, 2023"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}