{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-24-004028","form_type":"8-K/A","ticker":"AIFC","cik":"0000862861","company_name":"AI Financial Corp","filed_at":"2024-02-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:27.078758+00:00","generated_at":"2026-06-06T05:05:07.498161+00:00","sec_items":["1.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"JanOne corrects conversion price to $0.61 on amended notes and new $300k notes","bullets":["Fourth Amendment to ICG secured revolving line adds convertibility at $0.61/share, extends maturity to Aug 2028.","First Amendment to Live Ventures promissory note also sets conversion price at $0.61/share.","New promissory notes of $300k each with ICG and Live Ventures, 10% interest, convertible after 6 months at $0.61.","Prior 8-K filed Feb 8 reported $0.58 conversion price; this 8-K/A corrects to $0.61.","$100k principal plus interest on each new note due March 7, 2024; balance due Dec 31, 2024."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-24-004028","json":"https://secwatch.observer/filing/0001628280-24-004028.json","markdown":"https://secwatch.observer/filing/0001628280-24-004028.md","text":"https://secwatch.observer/filing/0001628280-24-004028.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/862861/000162828024004028/0001628280-24-004028-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/862861/000162828024004028/jan-20240208.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T05:05:07.498161+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":"1f03069dd29f255e0a24cad342a067f28b7945fe","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","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/862861/000162828024004028/0001628280-24-004028-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Counterparty","value":"Live Ventures Incorporated"},{"label":"Value","value":"$300,000"},{"label":"Effective","value":"2024-02-07"}],"fact_type":"material_agreement"},{"claim_id":"2ad33b5a22a86e123092320d0b48a989db6910cd","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/862861/000162828024004028/0001628280-24-004028-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Counterparty","value":"Live Ventures Incorporated"},{"label":"Effective","value":"2024-02-07"}],"fact_type":"material_agreement"},{"claim_id":"2c8070b37696a65a099763ba9e75fa08b998c95e","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","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/862861/000162828024004028/0001628280-24-004028-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Counterparty","value":"Isaac Capital Group LLC"},{"label":"Value","value":"$300,000"},{"label":"Effective","value":"2024-02-07"}],"fact_type":"material_agreement"},{"claim_id":"ac72bf9cb7b9a00689ad823a25a49dba1250c2bb","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/862861/000162828024004028/0001628280-24-004028-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"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}