secwatch.observer — SEC 8-K summary
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Issuer:     MARIZYME, INC. (—)
CIK:        0001413754
Form:       8-K
Filed at:   2023-05-10T23:59:59+00:00
Accession:  0001493152-23-016067
Event type: debt
Sentiment:  negative
Materiality: 0.65
Item codes: 2.04, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1413754/000149315223016067/0001493152-23-016067-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1413754/000149315223016067/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-016067

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