{"schema_version":"secwatch.filing_event.v1","accession":"0001641172-25-022465","form_type":"8-K","ticker":"PUBC","cik":"0001575858","company_name":"Purebase Corp","filed_at":"2025-08-07T23:59:59+00:00","discovered_at":"2026-05-14T18:02:44.400343+00:00","generated_at":"2026-05-17T17:35:06.615145+00:00","sec_items":["1.01","3.02","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Purebase secures $500k secured loan with J.J. Astor; issues bonus shares, CEO provides confession of judgment","bullets":["$500k loan from J.J. Astor & Co., secured by all assets and second deed of trust on 347-acre California property.","Note: $650k principal ($150k OID), 40 weekly installments ($8,125 first 8, then $18,281.25), maturity May 5, 2026.","Company issues 750k bonus shares; additional 750k if stock price < $0.50 after 90 days.","CEO Scott Dockter executed Confession of Judgment in favor of lender.","Note ranks senior to all debt; restrictions on incurring additional debt or granting liens without lender consent."],"urls":{"canonical":"https://secwatch.observer/filing/0001641172-25-022465","json":"https://secwatch.observer/filing/0001641172-25-022465.json","markdown":"https://secwatch.observer/filing/0001641172-25-022465.md","text":"https://secwatch.observer/filing/0001641172-25-022465.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1575858/000164117225022465/0001641172-25-022465-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1575858/000164117225022465/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T17:35:06.615145+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"}