---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-016067"
form_type: "8-K"
ticker: null
cik: "0001413754"
company_name: "MARIZYME, INC."
filed_at: "2023-05-10T23:59:59+00:00"
generated_at: "2026-06-15T06:08:11.719871+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Marizyme defaults on $1M convertible note; principal increases to $1.25M

## Summary
- Unsecured convertible note with Walleye Opportunities Master Fund matured May 7, 2023 and was not repaid; principal automatically increased from $1,000,000 to $1,250,000.
- Event of default triggered due to non-payment; note obligations subject to immediate repayment.
- Company also announced IP developments: DuraGraft patents granted in US, India, South Korea, Vietnam; allowed in Canada and Vietnam.
- Krillase enzyme technology and MATLOC microfluidic chip patent applications allowed in Europe.

## SEC filing metadata
- accession: 0001493152-23-016067
- form_type: 8-K
- cik: 0001413754
- company_name: MARIZYME, INC.
- filed_at: 2023-05-10T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.04, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1413754/000149315223016067/0001493152-23-016067-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1413754/000149315223016067/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-016067
- JSON: https://secwatch.observer/filing/0001493152-23-016067.json
- Plain text: https://secwatch.observer/filing/0001493152-23-016067.txt

## Key facts
- Debt Financings
  MARIZYME, INC. incurred convertible notes of $1,000,000 with Walleye Opportunities Master Fund Ltd at no interest maturing May 7, 2023.
  - Instrument: convertible notes
  - Principal: $1,000,000
  - Counterparty: Walleye Opportunities Master Fund Ltd
  - Rate: no interest
  - Maturity: May 7, 2023
  - Event: incurrence
  source text: On February 6, 2023, the Company entered into a securities purchase agreement (the “Securities Purchase Agreement”) with Walleye Opportunities Master Fund Ltd (the “Investor”), pursuant to which the Company issued to the Investor an Unsecured Subordinated Convertible Promissory Note (the “Note”) in the aggregate principal amount of $1,000,000
  evidence_url: https://www.sec.gov/Archives/edgar/data/1413754/000149315223016067/0001493152-23-016067-index.htm

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