{"schema_version":"secwatch.filing_event.v1","accession":"0001683168-23-004619","form_type":"8-K","ticker":null,"cik":"0001829966","company_name":"EBET, Inc.","filed_at":"2023-07-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:35.548963+00:00","generated_at":"2026-06-13T13:25:25.515484+00:00","sec_items":["1.01","2.03","3.02","5.02","8.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"EBET in default on $26.2M loan, enters forbearance; preferred conversion risk of 56M shares; strategic review","bullets":["Company acknowledged default on $30M loan (balance ~$26.2M) and entered forbearance until Sept 15, 2023.","Lender provided $2M revolving credit line at 15% interest, advances in its sole discretion.","Preferred stock conversion price cut to $0.71; 32,367 shares convertible into 56M common, doubling share count.","Board formed Strategic Alternatives Committee and hired Houlihan Lokey for sale/restructuring.","CEO and CFO retention bonuses: $175K (CEO), $240K salary increase (CFO), plus transaction bonuses."],"urls":{"canonical":"https://secwatch.observer/filing/0001683168-23-004619","json":"https://secwatch.observer/filing/0001683168-23-004619.json","markdown":"https://secwatch.observer/filing/0001683168-23-004619.md","text":"https://secwatch.observer/filing/0001683168-23-004619.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1829966/000168316823004619/0001683168-23-004619-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1829966/000168316823004619/ebet_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T13:25:25.515484+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":"21a0ca2716b3470a6a7b390a5913d7e603d61695","claim":"EBET, Inc. incurred revolving credit of $2.0 million with CP BF Lending, LLC at 15.0% per annum maturing November 29, 2024.","evidence_excerpt":"the Lender agreed to provide the Company with a revolving line of credit in the amount of $2.0 million (the “Revolving Note”), with any advances under the Revolving Note to be made in the sole discretion of the Lender. The Revolving Note will have a maturity date of November 29, 2024 and carry an interest rate of 15.0% per annum","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1829966/000168316823004619/0001683168-23-004619-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$2.0 million"},{"label":"Counterparty","value":"CP BF Lending, LLC"},{"label":"Rate","value":"15.0% per annum"},{"label":"Maturity","value":"November 29, 2024"},{"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"}