{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-23-031570","form_type":"8-K","ticker":null,"cik":"0001644488","company_name":"SHARING SERVICES GLOBAL Corp","filed_at":"2023-09-05T23:59:59+00:00","discovered_at":"2026-05-14T18:03:34.664612+00:00","generated_at":"2026-06-10T23:59:57.491028+00:00","sec_items":["1.01","3.02","3.03","5.03","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Sharing Services Global exchanges $26.2M promissory note for 26,000 Series D Preferred shares","bullets":["$26,169,367.33 in principal and interest cancelled in exchange for 26,000 Series D Preferred shares.","Series D carries 25% cumulative dividend on operating income, redeemable at $1,000/share from Sep 2028.","Holders of >50% of Series D can designate up to 28.5% of Board seats and veto certain actions.","Issuance was exempt from registration under Section 3(a)(9) of the Securities Act.","Certificate of Designation for Series D Preferred Stock filed with Nevada on August 31, 2023."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-23-031570","json":"https://secwatch.observer/filing/0001493152-23-031570.json","markdown":"https://secwatch.observer/filing/0001493152-23-031570.md","text":"https://secwatch.observer/filing/0001493152-23-031570.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1644488/000149315223031570/0001493152-23-031570-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1644488/000149315223031570/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-10T23:59:57.491028+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":"c1d69116762bee6df8503d70c0089bc23e704082","claim":"SHARING SERVICES GLOBAL Corp: Filed Certificate of Designation for Series D Preferred Stock (effective 2023-08-31).","evidence_excerpt":"on August 31, 2023 the Company filed with the Secretary of State of the State of Nevada the Certificate of Designation, which became effective on August 31, 2023.","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1644488/000149315223031570/0001493152-23-031570-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"charter amendment"},{"label":"Effective","value":"2023-08-31"}],"fact_type":"governance_change"},{"claim_id":"ec68a931761b3c661e21c2699e1c176eb14233b9","claim":"SHARING SERVICES GLOBAL Corp entered into Exchange Agreement with Decentralized Sharing System, Inc. (\"DSSI\") valued at $26,169,367.33 (effective 2023-08-31).","evidence_excerpt":"Effective August 31, 2023, Sharing Services Global Corporation (the “Company”), entered into an Exchange Agreement (the “Exchange Agreement”) with Decentralized Sharing System, Inc. (“DSSI”), pursuant to which, DSSI agreed to cancel the obligations of the Company under that certain promissory note, dated June 15, 2022, between the Company and DSSI (the “Note”), including the aggregate principal amount of the Note, together with unpaid interest of $26,169,367.33 in exchange for 26,000 shares of the Company’s Series D Preferred Stock","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1644488/000149315223031570/0001493152-23-031570-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Counterparty","value":"Decentralized Sharing System, Inc. (\"DSSI\")"},{"label":"Value","value":"$26,169,367.33"},{"label":"Effective","value":"2023-08-31"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}