---
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"
generated_at: "2026-06-08T22:18:21.536101+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Can B Corp. issues $156,250 promissory note with 20% OID to Walleye Opportunities Fund

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-039279
- JSON: https://secwatch.observer/filing/0001493152-23-039279.json
- Plain text: https://secwatch.observer/filing/0001493152-23-039279.txt

## Key facts
- Debt Financings
  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.
  - Instrument: loan
  - Principal: $156,250
  - Counterparty: Walleye Opportunities Fund, Ltd.
  - Rate: non-interest bearing, except in the case of the event of a default, in which cas
  - Maturity: October 27, 2024
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1509957/000149315223039279/0001493152-23-039279-index.htm
- Material Agreements
  Can B Corp entered into Stock Purchase Agreement with Walleye Opportunities Fund, Ltd. valued at $156,250 (effective 2023-10-27).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: Walleye Opportunities Fund, Ltd.
  - Value: $156,250
  - Effective: 2023-10-27
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1509957/000149315223039279/0001493152-23-039279-index.htm

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