---
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"
generated_at: "2026-10-13T10:15:13.817086+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Co-Diagnostics borrows up to $3.1M from J.J. Astor at 1.35x factor; issues 600,000 commitment shares

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-26-046676
- JSON: https://secwatch.observer/filing/0001493152-26-046676.json
- Plain text: https://secwatch.observer/filing/0001493152-26-046676.txt

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