---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-046090"
form_type: "8-K"
ticker: "NASC"
cik: "0001509957"
company_name: "Can B Corp"
filed_at: "2023-12-26T23:59:59+00:00"
generated_at: "2026-06-07T07:17:54.782147+00:00"
event_type: "litigation"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Can B Corp. sues to block Arena's UCC Article 9 sale of substantially all assets; auction postponed

## Summary
- Filed action in NY Supreme Court on Dec 20, 2023 to enjoin Arena's proposed sale of substantially all assets, citing commercial unreasonableness and invalid security interests.
- Arena agreed to postpone auction on Dec 21; Company must advise court by Jan 12, 2024 on proceeding with preliminary injunction motion.
- If sale proceeds, Can B would lose substantially all assets; outcome depends on court's assessment of commercial reasonableness and Arena's security interest validity.

## SEC filing metadata
- accession: 0001493152-23-046090
- form_type: 8-K
- ticker: NASC
- cik: 0001509957
- company_name: Can B Corp
- filed_at: 2023-12-26T23:59:59+00:00
- event_type: litigation
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1509957/000149315223046090/0001493152-23-046090-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1509957/000149315223046090/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-046090
- JSON: https://secwatch.observer/filing/0001493152-23-046090.json
- Plain text: https://secwatch.observer/filing/0001493152-23-046090.txt

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