{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-24-009026","form_type":"8-K","ticker":null,"cik":"0001538217","company_name":"SRAX, Inc.","filed_at":"2024-03-06T23:59:59+00:00","discovered_at":"2026-05-14T18:03:24.547933+00:00","generated_at":"2026-06-05T02:37:05.151618+00:00","sec_items":["1.01","2.03","2.04","3.02","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"confidence":"high","headline":"SRAX issues $90K convertible debenture at 20% discount; conversion price $0.25","bullets":["Issued $90K principal of 0% convertible debenture for $75K (20% original issue discount).","Matures Feb 28, 2026; convertible into common at $0.25 per share.","Company may prepay at 120% within 90 days, 135% thereafter.","Amends Series B preferred to modify ownership limits and eliminate NASDAQ shareholder vote.","Private placement closed March 5, 2024 under Rule 506(b) and Section 4(a)(2)."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-24-009026","json":"https://secwatch.observer/filing/0001493152-24-009026.json","markdown":"https://secwatch.observer/filing/0001493152-24-009026.md","text":"https://secwatch.observer/filing/0001493152-24-009026.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1538217/000149315224009026/0001493152-24-009026-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1538217/000149315224009026/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-05T02:37:05.151618+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":"5de66314d5aa7cfc48843956e5d05fafdc8f98ff","claim":"SRAX, Inc. entered into Securities Purchase Agreement with certain accredited and institutional investor valued at $90,000 in principal amount of Original Issue Discount Convertible Debenture for $75,000 (effective 2024-03-05).","evidence_excerpt":"On March 5, 2024 SRAX, Inc. (the “Company”) entered into definitive securities purchase agreements (the “Securities Purchase Agreement”) with a certain accredited and institutional investor (the “Purchasers”) for the purchase and sale of an aggregate of: (i) $90,000 in principal amount of Original Issue Discount Convertible Debenture (the “Debentures”) for $75,000 (representing a 20% original issue discount) (“Purchase Price”)","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1538217/000149315224009026/0001493152-24-009026-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"certain accredited and institutional investor"},{"label":"Value","value":"$90,000 in principal amount of Original Issue Discount Convertible Debenture for $75,000"},{"label":"Effective","value":"2024-03-05"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}