{"schema_version":"secwatch.filing_event.v1","accession":"0001641172-25-021374","form_type":"8-K","ticker":"NBND","cik":"0001725911","company_name":"NetBrands Corp.","filed_at":"2025-07-29T23:59:59+00:00","discovered_at":"2026-05-14T18:02:44.811394+00:00","generated_at":"2026-05-17T23:45:37.432722+00:00","sec_items":["1.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"NetBrands issues $110K convertible note and warrant to Trillium Partners at $0.0005/share","bullets":["Issued $110K face note with $10K OID for $100K cash; due June 20, 2026, 12% interest, convertible at $0.0005/share.","Issued warrant for 55 million shares at $0.0005 exercise price, seven-year term.","Note requires initial reservation of 125 million shares for conversion; prepayable with 40% penalty.","Trillium Partners LP is controlled by Steve Hicks."],"urls":{"canonical":"https://secwatch.observer/filing/0001641172-25-021374","json":"https://secwatch.observer/filing/0001641172-25-021374.json","markdown":"https://secwatch.observer/filing/0001641172-25-021374.md","text":"https://secwatch.observer/filing/0001641172-25-021374.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1725911/000164117225021374/0001641172-25-021374-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1725911/000164117225021374/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T23:45:37.432722+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"}