{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-26-047089","form_type":"8-K/A","ticker":"CODX","cik":"0001692415","company_name":"Co-Diagnostics, Inc.","filed_at":"2026-10-15T10:10:23+00:00","discovered_at":"2026-10-15T10:15:00.351492+00:00","generated_at":"2026-10-15T10:15:16.714194+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 issues $2.835M J.J. Astor secured convertible note; pledges all ATM proceeds to lender","bullets":["J.J. Astor & Co. funded a $2.1M initial loan on Oct 9, 2026; Co-Diagnostics issued a $2.835M principal note (1.35x factor rate), netting ~$2.016M after a 4% origination fee.","Optional $1.0M second tranche after 60 days comes via a $1.35M note. Notes repay in 30 weekly installments, secured by a senior lien on substantially all assets; $250K minimum cash covenant.","Conversion price is 90% of the lowest 10-day VWAP (80% after default), floored at 20% of the Nasdaq minimum price; default raises principal to 120% plus 19% default interest, compounded daily.","Issued 600,000 commitment shares; make-whole shares due if sold below $0.218. Lender capped at 9.99% beneficial ownership, raisable to 19.99% on 61 days' notice.","All ATM net proceeds route through a DACA account at East West Bank: first $1M to Astor, then 80/20 lender/company until weekly payments clear, then 25/75. Maxim gets a 5% placement fee."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-26-047089","json":"https://secwatch.observer/filing/0001493152-26-047089.json","markdown":"https://secwatch.observer/filing/0001493152-26-047089.md","text":"https://secwatch.observer/filing/0001493152-26-047089.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1692415/000149315226047089/0001493152-26-047089-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1692415/000149315226047089/form8-ka.htm"},"model":{"generated_by":"deepseek-v4.1-flash:cloud@v2","generated_at":"2026-10-15T10:15:16.714194+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"}