{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-26-046676","form_type":"8-K","ticker":"CODX","cik":"0001692415","company_name":"Co-Diagnostics, Inc.","filed_at":"2026-10-13T10:10:19+00:00","discovered_at":"2026-10-13T10:15:00.300791+00:00","generated_at":"2026-10-13T10:15:13.817086+00:00","sec_items":["1.01","2.03","3.02","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Co-Diagnostics borrows up to $3.1M from J.J. Astor at 1.35x factor; issues 600,000 commitment shares","bullets":["Initial $2.1M loan funded Oct 9, 2026; Initial Note principal $2,835,000 at 1.35x factor; 4% origination fee leaves about $2.016M net proceeds.","Company may borrow an extra $1.0M after 60 days via a $1.35M Additional Note; notes repay in 30 weekly installments with a $250,000 minimum cash covenant.","Conversion price is greater of 90% of 10-day low VWAP or Nasdaq Minimum Price of $1.09, floored at 20% of that; default raises principal to 120% plus 19% interest compounded daily.","600,000 commitment shares issued; make-whole shares owed if sold below $0.218; beneficial ownership cap 9.99%, raisable to 19.99%.","100% of ATM net proceeds routed to Astor-controlled account: first $1.0M to lender, then 80/20; ATM program is $7,350,877.68; Maxim earns 5% placement fee."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-26-046676","json":"https://secwatch.observer/filing/0001493152-26-046676.json","markdown":"https://secwatch.observer/filing/0001493152-26-046676.md","text":"https://secwatch.observer/filing/0001493152-26-046676.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1692415/000149315226046676/0001493152-26-046676-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1692415/000149315226046676/form8-k.htm"},"model":{"generated_by":"deepseek-v4.1-flash:cloud@v2","generated_at":"2026-10-13T10:15:13.817086+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"}