{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-24-012985","form_type":"8-K","ticker":null,"cik":"0001538217","company_name":"SRAX, Inc.","filed_at":"2024-04-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:18.893238+00:00","generated_at":"2026-06-04T02:49:53.573072+00:00","sec_items":["1.01","2.03","2.04","3.02","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.2,"calibrated_materiality_score":0.2,"confidence":"high","headline":"SRAX issues $90K convertible debenture at 20% OID, converts at $0.25, matures 2026","bullets":["Sold $90,000 principal amount of 0% interest convertible debentures for $75,000 cash (20% original issue discount).","Debentures mature March 29, 2026; conversion price $0.25 per share subject to standard adjustments.","Company may prepay at 120% of principal within first 90 days, 135% thereafter; offering closed April 2, 2024.","Issued in private placement to an accredited investor exempt from registration under Rule 506(b)/Section 4(a)(2).","Customary events of default include payment default and change of control; principal becomes due immediately upon default."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-24-012985","json":"https://secwatch.observer/filing/0001493152-24-012985.json","markdown":"https://secwatch.observer/filing/0001493152-24-012985.md","text":"https://secwatch.observer/filing/0001493152-24-012985.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1538217/000149315224012985/0001493152-24-012985-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1538217/000149315224012985/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T02:49:53.573072+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":"63c276428413194ae6ae926f276debcd99af31c1","claim":"SRAX, Inc. incurred convertible notes of $90,000 in principal amount at 0%, no interest per annum maturing March 29, 2026.","evidence_excerpt":"On March 29, 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","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1538217/000149315224012985/0001493152-24-012985-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"$90,000 in principal amount"},{"label":"Rate","value":"0%, no interest per annum"},{"label":"Maturity","value":"March 29, 2026"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"046ef8030bdde74e8e666997b37fb2e2ace4f675","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 (effective 2024-03-29).","evidence_excerpt":"On March 29, 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/1538217/000149315224012985/0001493152-24-012985-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"},{"label":"Effective","value":"2024-03-29"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}