secwatch.observer — SEC 8-K summary
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Issuer:     Permex Petroleum Corp (—)
CIK:        0001922639
Form:       8-K
Filed at:   2026-02-25T23:59:59+00:00
Accession:  0001493152-26-007974
Event type: debt
Sentiment:  negative
Materiality: 0.90
Item codes: 2.04, 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Permex receives $4.28M debenture default notice, CEO resigns, annual financials unfiled
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- Default on $4,276,389 secured convertible debentures (10% interest) for failing to make payments due Nov 2, 2025.
- Debenture holders demand immediate payment; repossession of collateral possible if no arrangement by Feb 18, 2026.
- CEO, President, and Interim CFO Bradley Taillon resigned effective Jan 12, 2026; replaced by Chairman Richard Little as interim CEO and CFO.
- Company failed to file audited annual financial statements for year ended Sep 30, 2025 by regulatory deadline of Jan 28, 2026.
- Permex evaluating strategic opportunities amid leadership transition and default.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1922639/000149315226007974/0001493152-26-007974-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1922639/000149315226007974/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-007974

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