{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-25-017965","form_type":"8-K","ticker":"PUBC","cik":"0001575858","company_name":"Purebase Corp","filed_at":"2025-10-14T23:59:59+00:00","discovered_at":"2026-05-14T18:02:39.800144+00:00","generated_at":"2026-05-17T03:53:47.646622+00:00","sec_items":["1.01","3.02","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Purebase issues $123K convertible promissory note to Vanquish Funding, netting $100K","bullets":["Principal amount $123,050 includes $16,050 original issue discount; net proceeds $100,000 after fees.","Note bears 12% interest (22% if not timely paid); matures July 30, 2026.","On default, convertible into common stock at 35% discount to share price, subject to 4.99% beneficial ownership cap.","Repayment schedule: $68,908 due Mar 30, 2026, then $17,227 monthly through July 30, 2026."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-25-017965","json":"https://secwatch.observer/filing/0001493152-25-017965.json","markdown":"https://secwatch.observer/filing/0001493152-25-017965.md","text":"https://secwatch.observer/filing/0001493152-25-017965.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1575858/000149315225017965/0001493152-25-017965-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1575858/000149315225017965/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T03:53:47.646622+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":"60f7cc61fe8d95ebe0932c679f061ed5a2ef597f","claim":"Purebase Corp issued convertible note to Vanquish Funding Group Inc. for principal amount of $123,050 (including $16,050 of original issue discount).","evidence_excerpt":"On September 24, 2025, Purebase Corporation, a Nevada corporation (the “Company”), entered into a securities purchase agreement with Vanquish Funding Group Inc., a Virgina corporation (“Vanquish”), pursuant to which the Company issued to Vanquish a promissory note (the “Note”) in the principal amount of $123,050 (including $16,050 of original issue discount) and received funds of $100,000 after legal fees of $2,500 and a due diligence fee of $4,500.","evidence_source":"SEC 8-K Item 3.02/3.03","evidence_url":"https://www.sec.gov/Archives/edgar/data/1575858/000149315225017965/0001493152-25-017965-index.htm","confidence":0.9,"family_label":"Equity Issuances","details":[{"label":"Security","value":"convertible note"},{"label":"Purchaser","value":"Vanquish Funding Group Inc."},{"label":"Consideration","value":"principal amount of $123,050 (including $16,050 of original issue discount)"}],"fact_type":"equity_issuance"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}