{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-23-043738","form_type":"8-K","ticker":"NASC","cik":"0001509957","company_name":"Can B Corp","filed_at":"2023-12-05T23:59:59+00:00","discovered_at":"2026-05-14T18:03:29.312805+00:00","generated_at":"2026-06-07T17:58:16.778914+00:00","sec_items":["2.04"],"event_type":"other_material","sentiment":"negative","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"Can B Corp receives notice of UCC asset sale; Arena Entities declare default on $3.84M notes","bullets":["Arena Entities intend to auction all or substantially all assets on Dec 28, 2023 under UCC Article 9.","Defaults include failure to deliver account control agreements, servicing agreement, missing payments, unauthorized use of receivables.","Arena Entities hold ~$3.84M convertible notes; Nascent Pharma equity (67%) excluded from sale.","Company plans to seek forbearance; no assurance of agreement."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-23-043738","json":"https://secwatch.observer/filing/0001493152-23-043738.json","markdown":"https://secwatch.observer/filing/0001493152-23-043738.md","text":"https://secwatch.observer/filing/0001493152-23-043738.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1509957/000149315223043738/0001493152-23-043738-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1509957/000149315223043738/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T17:58:16.778914+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":"96d1fe21281a7c06bb89b3c807f4d7d8fe4b2f90","claim":"Can B Corp reported a default on convertible notes of approximately $3,838,770 aggregate principal amount with Arena Special Opportunities Partners I, LP, Arena Special Opportunities Fund, LP and Arena Investors, LP.","evidence_excerpt":"The Arena Entities collectively hold approximately $3,838,770 aggregate principal amount of Convertible Notes (the “Notes”) issued by the Company.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1509957/000149315223043738/0001493152-23-043738-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"approximately $3,838,770 aggregate principal amount"},{"label":"Counterparty","value":"Arena Special Opportunities Partners I, LP, Arena Special Opportunities Fund, LP and Arena Investors, LP"},{"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"}