{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-24-009039","form_type":"8-K","ticker":null,"cik":"0001362703","company_name":"THERALINK TECHNOLOGIES, INC.","filed_at":"2024-03-06T23:59:59+00:00","discovered_at":"2026-05-14T18:03:23.952590+00:00","generated_at":"2026-06-05T02:27:17.339866+00:00","sec_items":["2.04"],"event_type":"debt","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Theralink Technologies defaults on $18M senior secured debentures; obligations accelerate","bullets":["Company failed to pay ~$18M aggregate principal of 10% OID senior secured convertible debentures due Feb 29, 2024.","Event of Default declared; mandatory default amount set at 130% of outstanding principal plus accrued interest and liquidated damages.","Current total obligation under debentures is approximately $20.1 million.","Interest rate post-default rises to the lesser of 16% per annum or maximum allowed by law.","Debentures secured by first-priority lien on all company assets; holders may demand immediate payment in cash."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-24-009039","json":"https://secwatch.observer/filing/0001493152-24-009039.json","markdown":"https://secwatch.observer/filing/0001493152-24-009039.md","text":"https://secwatch.observer/filing/0001493152-24-009039.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1362703/000149315224009039/0001493152-24-009039-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1362703/000149315224009039/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-05T02:27:17.339866+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":"f444a7fc50db427cc1f4de89f2f74a5fd3745b94","claim":"THERALINK TECHNOLOGIES, INC. reported a default on convertible notes of $20.1 million with holders of the Debentures at 16% per annum maturing February 29, 2024.","evidence_excerpt":"o that certain Security Agreement, dated November 29, 2022 by and among the Company, the holders of the Debentures and Cavalry Fund I Management LLC as the Collateral Agent.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1362703/000149315224009039/0001493152-24-009039-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"$20.1 million"},{"label":"Counterparty","value":"holders of the Debentures"},{"label":"Rate","value":"16% per annum"},{"label":"Maturity","value":"February 29, 2024"},{"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"}