---
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"
generated_at: "2026-06-18T06:57:59.817745+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Starco Brands enters $800K secured note with CEO; issues 114,286 warrants at $0.01

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-007149
- JSON: https://secwatch.observer/filing/0001493152-23-007149.json
- Plain text: https://secwatch.observer/filing/0001493152-23-007149.txt

## Key facts
- Debt Financings
  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.
  - Instrument: loan
  - Principal: $800,000
  - Counterparty: Ross Sklar, its Chief Executive Officer (“Sklar”)
  - Rate: Wall Street Journal Prime Rate (re-assessed on the first day of each month) plus
  - Maturity: July 1, 2023
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1539850/000149315223007149/0001493152-23-007149-index.htm

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