{"schema_version":"secwatch.filing_event.v1","accession":"0001683168-24-002155","form_type":"8-K","ticker":null,"cik":"0001662574","company_name":"Grom Social Enterprises, Inc.","filed_at":"2024-04-05T23:59:59+00:00","discovered_at":"2026-05-14T18:03:19.481664+00:00","generated_at":"2026-06-04T01:50:53.959821+00:00","sec_items":["1.01","3.02","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Grom Social enters $650K convertible note financing with Generating Alpha, subject to shareholder approval","bullets":["$650,000 convertible note sold at $520,000 (20% OID) to Generating Alpha Ltd.; 12% interest, 1-year maturity.","Note convertible at $0.87/share, or alternate at 80% of lowest 40-day trading price before conversion.","Warrant issued for 962,962 shares at $0.001/share exercise price; effectively deep in-the-money.","Transaction requires shareholder approval; voting agreement with certain shareholders to vote in favor.","EF Hutton acting as placement agent; registration rights agreement to file resale registration within 30 days of closing."],"urls":{"canonical":"https://secwatch.observer/filing/0001683168-24-002155","json":"https://secwatch.observer/filing/0001683168-24-002155.json","markdown":"https://secwatch.observer/filing/0001683168-24-002155.md","text":"https://secwatch.observer/filing/0001683168-24-002155.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1662574/000168316824002155/0001683168-24-002155-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1662574/000168316824002155/grom_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T01:50:53.959821+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":"cd7e9c9bd368a7760639a92fa7b68707174fa0cc","claim":"Grom Social Enterprises, Inc. entered into Securities Purchase Agreement with Generating Alpha Ltd. valued at $650,000 (effective 2024-04-01).","evidence_excerpt":"On April 1, 2024, Grom Social Enterprises, Inc., a Florida corporation (the “ Company ”), entered into a Securities Purchase Agreement (the “ SPA ”) with Generating Alpha Ltd., a Saint Kitts and Nevis Corporation (the “ Investor ”) pursuant to which the Company has agreed to sell a convertible promissory note of the Company (the “ Note ”), having an initial principal amount of $650,000, for a price of $520,000.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1662574/000168316824002155/0001683168-24-002155-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"Generating Alpha Ltd."},{"label":"Value","value":"$650,000"},{"label":"Effective","value":"2024-04-01"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}