{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-23-039279","form_type":"8-K","ticker":"NASC","cik":"0001509957","company_name":"Can B Corp","filed_at":"2023-11-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:29.312603+00:00","generated_at":"2026-06-08T22:18:21.536101+00:00","sec_items":["1.01","2.03","3.02","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Can B Corp. issues $156,250 promissory note with 20% OID to Walleye Opportunities Fund","bullets":["Can B Corp. sold a $156,250 promissory note to Walleye Opportunities Fund for $125,000, a 20% original issue discount.","The note is non-interest bearing but accrues 18% default interest and requires 135% of principal upon default.","Conversion price is 90% of the lowest daily VWAP over 15 trading days, with full ratchet anti-dilution protection.","Investor may purchase up to $1,693,750 additional notes, contingent on Nascent Pharma's patent acquisition.","Can B Corp. must register shares by Dec 11, 2023 or pay 2% monthly penalty on outstanding amounts."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-23-039279","json":"https://secwatch.observer/filing/0001493152-23-039279.json","markdown":"https://secwatch.observer/filing/0001493152-23-039279.md","text":"https://secwatch.observer/filing/0001493152-23-039279.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1509957/000149315223039279/0001493152-23-039279-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1509957/000149315223039279/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-08T22:18:21.536101+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":"6c72bbf026c426fc66db79db182aa443a8c8706d","claim":"Can B Corp incurred loan of $156,250 with Walleye Opportunities Fund, Ltd. at non-interest bearing, except in the case of the event of a default, in which cas maturing October 27, 2024.","evidence_excerpt":"On October 27, 2023, Can B Corp., a Florida corporation (the “Company”), completed the sale of a promissory note (the “Initial Note”) in the principal amount of $156,250 to Walleye Opportunities Fund, Ltd. (the “Investor”) pursuant to a Securities Purchase Agreement between the Company and the Investor (the “Stock Purchase Agreement”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1509957/000149315223039279/0001493152-23-039279-index.htm","confidence":0.95,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"$156,250"},{"label":"Counterparty","value":"Walleye Opportunities Fund, Ltd."},{"label":"Rate","value":"non-interest bearing, except in the case of the event of a default, in which cas"},{"label":"Maturity","value":"October 27, 2024"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"b64b104ccde9d70c1f512f4ef94dbe8dd61e995a","claim":"Can B Corp entered into Stock Purchase Agreement with Walleye Opportunities Fund, Ltd. valued at $156,250 (effective 2023-10-27).","evidence_excerpt":"On October 27, 2023, Can B Corp., a Florida corporation (the “Company”), completed the sale of a promissory note (the “Initial Note”) in the principal amount of $156,250 to Walleye Opportunities Fund, Ltd. (the “Investor”) pursuant to a Securities Purchase Agreement between the Company and the Investor (the “Stock Purchase Agreement”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1509957/000149315223039279/0001493152-23-039279-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"Walleye Opportunities Fund, Ltd."},{"label":"Value","value":"$156,250"},{"label":"Effective","value":"2023-10-27"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}