{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-24-003865","form_type":"8-K","ticker":"AIFC","cik":"0000862861","company_name":"AI Financial Corp","filed_at":"2024-02-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:27.079207+00:00","generated_at":"2026-06-06T06:10:39.081513+00:00","sec_items":["1.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"JanOne amends two notes to add convertibility at $0.58, issues two $300K convertible notes","bullets":["Amended notes with Isaac Capital Group and Live Ventures on Feb 7, 2024, adding conversion rights at $0.58/share.","Two new $300K promissory notes at 10% interest: $100K due March 7, 2024, balance due Dec 31, 2024.","New notes convertible at $0.58/share after six-month anniversary, subject to standard adjustments.","Conversion price set via 5-day average closing price through Feb 6, 2024, complying with Nasdaq Rule 5635(d)(ii).","Isaac Capital Group note's maturity extended to Aug 30, 2028; interest unchanged at 8.75%."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-24-003865","json":"https://secwatch.observer/filing/0001628280-24-003865.json","markdown":"https://secwatch.observer/filing/0001628280-24-003865.md","text":"https://secwatch.observer/filing/0001628280-24-003865.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/862861/000162828024003865/0001628280-24-003865-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/862861/000162828024003865/jan-20240208.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T06:10:39.081513+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":[{"claim_id":"6a65bf1505653af125c37348a746076474ec4fe8","claim":"AI Financial Corp amended Fourth Amendment to Secured Revolving Line of Credit with Isaac Capital Group LLC (effective 2024-02-07).","evidence_excerpt":"On February 7, 2024, JanOne Inc. (the “Company”) amended two of its outstanding promissory obligations to add convertibility provisions to each.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/862861/000162828024003865/0001628280-24-003865-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Isaac Capital Group LLC"},{"label":"Effective","value":"2024-02-07"}],"fact_type":"material_agreement"},{"claim_id":"a0641c53cd708a827791d6b174bb4f51d08b1089","claim":"AI Financial Corp entered into Promissory Note with Live Ventures Incorporated valued at $300,000 (effective 2024-02-07).","evidence_excerpt":"On February 7, 2024, the Company entered into a promissory note with each of the holders of the amended promissory notes. The initial principal amount of each note is $300,000, with an interest rate of 10% per annum.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/862861/000162828024003865/0001628280-24-003865-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Live Ventures Incorporated"},{"label":"Value","value":"$300,000"},{"label":"Effective","value":"2024-02-07"}],"fact_type":"material_agreement"},{"claim_id":"e11a9fe4d34b3e2f1509c357c1a557dd9180fe8d","claim":"AI Financial Corp amended First Amendment to Promissory Note with Live Ventures Incorporated (effective 2024-02-07).","evidence_excerpt":"On February 7, 2024, JanOne Inc. (the “Company”) amended two of its outstanding promissory obligations to add convertibility provisions to each.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/862861/000162828024003865/0001628280-24-003865-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Live Ventures Incorporated"},{"label":"Effective","value":"2024-02-07"}],"fact_type":"material_agreement"},{"claim_id":"f1313047da8a93d1bb98b0aab4a2a9d6ed489988","claim":"AI Financial Corp entered into Promissory Note with Isaac Capital Group LLC valued at $300,000 (effective 2024-02-07).","evidence_excerpt":"On February 7, 2024, the Company entered into a promissory note with each of the holders of the amended promissory notes. The initial principal amount of each note is $300,000, with an interest rate of 10% per annum.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/862861/000162828024003865/0001628280-24-003865-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Isaac Capital Group LLC"},{"label":"Value","value":"$300,000"},{"label":"Effective","value":"2024-02-07"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}