---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-029881"
form_type: "8-K"
ticker: "KOAN"
cik: "0000897078"
company_name: "Resonate Blends, Inc."
filed_at: "2023-08-23T23:59:59+00:00"
generated_at: "2026-06-11T05:15:22.184623+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Resonate Blends issues $320k in convertible promissory notes to accredited investors

## Summary
- Two promissory notes: $265k (Aug 1) and $55k (Aug 9); net proceeds $300k after $20k OID.
- Three-month maturity; default interest at 18% per annum; no prepayment penalty.
- Notes convertible into common stock in next funding round at ~$0.08/share with 4% preferred and warrants.
- Issued 762,500 commitment shares as additional consideration; securities unregistered under Rule 506.

## SEC filing metadata
- accession: 0001493152-23-029881
- form_type: 8-K
- ticker: KOAN
- cik: 0000897078
- company_name: Resonate Blends, Inc.
- filed_at: 2023-08-23T23:59:59+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/897078/000149315223029881/0001493152-23-029881-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/897078/000149315223029881/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-029881
- JSON: https://secwatch.observer/filing/0001493152-23-029881.json
- Plain text: https://secwatch.observer/filing/0001493152-23-029881.txt

## Key facts
- Debt Financings
  Resonate Blends, Inc. incurred loan of $265,000 at 18% per annum maturing three months from issuance.
  - Instrument: loan
  - Principal: $265,000
  - Rate: 18% per annum
  - Maturity: three months from issuance
  - Event: incurrence
  source text: On August 1, 2023, we issued a Promissory Note to an accredited investor in the principal amount of $265,000.
  evidence_url: https://www.sec.gov/Archives/edgar/data/897078/000149315223029881/0001493152-23-029881-index.htm
- Debt Financings
  Resonate Blends, Inc. incurred loan of $55,000 at 18% per annum maturing three months from issuance.
  - Instrument: loan
  - Principal: $55,000
  - Rate: 18% per annum
  - Maturity: three months from issuance
  - Event: incurrence
  source text: On August 9, 2023, we issued another Promissory Note to an accredited investor in the principal amount of $55,000.
  evidence_url: https://www.sec.gov/Archives/edgar/data/897078/000149315223029881/0001493152-23-029881-index.htm

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