---
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"
generated_at: "2026-06-04T09:49:27.563485+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Can B Corp. completes $75K convertible note sale to ClearThink at 33% discount

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.03
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-010749
- JSON: https://secwatch.observer/filing/0001493152-24-010749.json
- Plain text: https://secwatch.observer/filing/0001493152-24-010749.txt

## Key facts
- Debt Financings
  Can B Corp incurred convertible notes of $75,000 with ClearThink Capital Partners, LLC at 12% per annum maturing November 29, 2024.
  - Instrument: convertible notes
  - Principal: $75,000
  - Counterparty: ClearThink Capital Partners, LLC
  - Rate: 12% per annum
  - Maturity: November 29, 2024
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1509957/000149315224010749/0001493152-24-010749-index.htm

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