secwatch.observer — SEC 8-K summary
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Issuer:     CV Sciences, Inc. (CVSI)
CIK:        0001510964
Form:       8-K
Filed at:   2022-06-06T23:59:59+00:00
Accession:  0001510964-22-000051
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

CV Sciences resolves note default via conversion; investor converts $152K into 3.75M shares at $0.04
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- CV Sciences failed to repay $130K principal plus interest on Nov 2021 senior convertible note at May 17, 2022 maturity, causing default.
- On May 18, 2022, company entered a forbearance agreement with investor; deadline to repay with 15% premium was June 1, 2022.
- On May 31, investor converted entire outstanding $151,772 (incl. premium & interest) into 3,751,971 shares at $0.04/share, resolving default.
- Note terminated; company has no further payment obligations under the note.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1510964/000151096422000051/0001510964-22-000051-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1510964/000151096422000051/cvsi-20220531.htm
  HTML page:      https://secwatch.observer/filing/0001510964-22-000051

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer