{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-24-010749","form_type":"8-K","ticker":"NASC","cik":"0001509957","company_name":"Can B Corp","filed_at":"2024-03-21T23:59:59+00:00","discovered_at":"2026-05-14T18:03:24.427516+00:00","generated_at":"2026-06-04T09:49:27.563485+00:00","sec_items":["2.03"],"event_type":"debt","sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Can B Corp. completes $75K convertible note sale to ClearThink at 33% discount","bullets":["Sold $75,000 promissory note for $50,000 purchase price, a 33.33% original issue discount.","Note matures November 29, 2024, bears 12% annual interest payable at maturity.","ClearThink may convert principal and accrued interest at $0.0772 per share.","Proceeds used for general working capital; prior notes of $200K, $15K, and $37.5K issued to same lender.","Financing structure indicates continued reliance on high-cost convertible debt."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-24-010749","json":"https://secwatch.observer/filing/0001493152-24-010749.json","markdown":"https://secwatch.observer/filing/0001493152-24-010749.md","text":"https://secwatch.observer/filing/0001493152-24-010749.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1509957/000149315224010749/0001493152-24-010749-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1509957/000149315224010749/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T09:49:27.563485+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":"27243fe264602dfa892f0c96972ce49408ed20a7","claim":"Can B Corp incurred convertible notes of $75,000 with ClearThink Capital Partners, LLC at 12% per annum maturing November 29, 2024.","evidence_excerpt":"On February 29, 2024, Can B Corp. (the \"Company\") completed the sale of a promissory note in the principal amount of $75,000 to ClearThink Capital Partners, LLC (\"ClearThink\").","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1509957/000149315224010749/0001493152-24-010749-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"$75,000"},{"label":"Counterparty","value":"ClearThink Capital Partners, LLC"},{"label":"Rate","value":"12% per annum"},{"label":"Maturity","value":"November 29, 2024"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}