{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-24-033672","form_type":"8-K","ticker":"AIFC","cik":"0000862861","company_name":"AI Financial Corp","filed_at":"2024-08-23T23:59:59+00:00","discovered_at":"2026-05-14T18:03:16.069950+00:00","generated_at":"2026-05-31T07:56:19.314502+00:00","sec_items":["1.01","3.02","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Alt5 Sigma raises $1.6M via non-convertible debentures with escalating interest up to 4%/month and warrants","bullets":["Sold three units: one $1.784M debenture + 400,000-share warrant; two $404,454.39 debentures each + 90,909-share warrants.","Debentures bear interest at 1%/month (Aug–Oct 2024), 3%/month (Nov 2024–Jan 2025), then 4%/month until repayment.","Principal includes escalating OID: base $1.271M (big) and $288,864 (small), increasing if not repaid by Oct 31, 2024 or Jan 29, 2025.","Warrants exercisable at $1.71/share; initial tranches must be exercised within 15 days, contingent tranches vest on missed repayment dates.","Maturity April 28, 2025; 50% of any future financing proceeds must be used to prepay debentures on a pro-rata basis."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-24-033672","json":"https://secwatch.observer/filing/0001493152-24-033672.json","markdown":"https://secwatch.observer/filing/0001493152-24-033672.md","text":"https://secwatch.observer/filing/0001493152-24-033672.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/862861/000149315224033672/0001493152-24-033672-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/862861/000149315224033672/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T07:56:19.314502+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}