{"schema_version":"secwatch.filing_event.v1","accession":"0001641172-25-019944","form_type":"8-K","ticker":null,"cik":"0001922639","company_name":"Permex Petroleum Corp","filed_at":"2025-07-17T23:59:59+00:00","discovered_at":"2026-05-14T18:02:45.623226+00:00","generated_at":"2026-05-18T06:01:20.575251+00:00","sec_items":["1.01","2.03","3.02","8.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Permex closes $2M convertible debenture placement; Lindemuth stake rises to 81.7%","bullets":["Issued 2,000 units at $1,000 each, comprising 10% senior secured convertible debentures and 786,000 warrants.","Each warrant exercisable at $2.54 for 5 years; debentures mature July 11, 2026, interest payable in cash or shares.","Proceeds from the private placement to be used for drilling, potential acquisitions, and working capital.","Investor Kent Lindemuth now holds 81.71% of shares on a partially-diluted basis, up from 75.24%.","Registration rights agreement filed with SEC; debentures automatically convert if Company raises $7.5M+ equity."],"urls":{"canonical":"https://secwatch.observer/filing/0001641172-25-019944","json":"https://secwatch.observer/filing/0001641172-25-019944.json","markdown":"https://secwatch.observer/filing/0001641172-25-019944.md","text":"https://secwatch.observer/filing/0001641172-25-019944.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1922639/000164117225019944/0001641172-25-019944-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1922639/000164117225019944/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-18T06:01:20.575251+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":"5dae1d6bfee530d18d367684dcff72ab2f14efda","claim":"Permex Petroleum Corp incurred convertible notes of aggregate principal amount of $2,000,000 with an accredited investor at simple interest at a rate of 10% maturing July 11, 2026.","evidence_excerpt":"On July 11, 2025, Permex Petroleum Corporation (the “Company”) issued an aggregate of 2,000 convertible debenture units (the “Units”) to an accredited investor in a private placement (the “Private Placement”) for an aggregate purchase price of $2,000,000.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1922639/000164117225019944/0001641172-25-019944-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"aggregate principal amount of $2,000,000"},{"label":"Counterparty","value":"an accredited investor"},{"label":"Rate","value":"simple interest at a rate of 10%"},{"label":"Maturity","value":"July 11, 2026"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}