---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-26-033828"
form_type: "8-K"
ticker: "ATDS"
cik: "0001068689"
company_name: "Data443 Risk Mitigation, Inc."
filed_at: "2026-07-20T10:04:20+00:00"
generated_at: "2026-07-20T10:05:09.039195+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Data443 issues $2M promissory note to XYDD as compensation for terminating prior business combination

## Summary
- Data443 issued $2M promissory note to XYDD as compensation for terminating FORL-XYDD business combination.
- Note payable in two $1M installments: 90 and 120 days after deal close; 15% default interest if late.
- After 12 months, XYDD may convert outstanding amount into PubCo shares at 80% of 20-day VWAP, subject to floor and cap.
- 1,800,000 PubCo shares allocated to finder S.SHUN Holdings Limited under prior finder arrangement.
- Agreement facilitates Data443's de-SPAC transaction with FORL after termination of prior deal.

## SEC filing metadata
- accession: 0001493152-26-033828
- form_type: 8-K
- ticker: ATDS
- cik: 0001068689
- company_name: Data443 Risk Mitigation, Inc.
- filed_at: 2026-07-20T10:04:20+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1068689/000149315226033828/0001493152-26-033828-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1068689/000149315226033828/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-26-033828
- JSON: https://secwatch.observer/filing/0001493152-26-033828.json
- Plain text: https://secwatch.observer/filing/0001493152-26-033828.txt

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