{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-23-041869","form_type":"8-K","ticker":null,"cik":"0001634447","company_name":"ISUN, INC.","filed_at":"2023-11-17T23:59:59+00:00","discovered_at":"2026-05-14T18:03:29.854292+00:00","generated_at":"2026-06-08T00:07:06.594910+00:00","sec_items":["2.04","8.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"iSun receives default notice on $12.5M convertible notes; Nasdaq extends bid price compliance to May 2024","bullets":["On Nov 13, 2023, Purchasers (Anson) declared Event of Default on $12.5M convertible notes for unpaid Nov 1 amounts and accelerated the Notes at Mandatory Default Amount.","Nasdaq granted iSun an additional 180 calendar days (until May 13, 2024) to regain $1 minimum bid price compliance for continued listing.","iSun failed to regain compliance within initial 180-day period ending Nov 13, 2023; extension requires closing bid at $1 for 10 consecutive business days.","The Company intends to consider all available options to regain compliance with Nasdaq listing standards."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-23-041869","json":"https://secwatch.observer/filing/0001493152-23-041869.json","markdown":"https://secwatch.observer/filing/0001493152-23-041869.md","text":"https://secwatch.observer/filing/0001493152-23-041869.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1634447/000149315223041869/0001493152-23-041869-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1634447/000149315223041869/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-08T00:07:06.594910+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":"5405472dcfc8584b02f2884b948f81d4f6817564","claim":"ISUN, INC. reported a default on convertible notes with Anson Investments Master Fund, LP and Anson East Master Fund, LP (together, the Purchasers).","evidence_excerpt":"On November 13, 2023, the Company received notice from the Purchasers of an Event of Default under the Notes, with respect to unpaid amounts due on November 1, 2023, and under a Letter Agreement between the Company and the Purchasers, dated August 30, 2023, and described in the Company’s Current Report on Form 8-K, dated September 1, 2023. The notice states that the Purchasers have opted to accelerate the Notes at the Mandatory Default Amount as defined in the Notes.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1634447/000149315223041869/0001493152-23-041869-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Counterparty","value":"Anson Investments Master Fund, LP and Anson East Master Fund, LP (together, the Purchasers)"},{"label":"Event","value":"default"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}