{"schema_version":"secwatch.filing_event.v1","accession":"0001683168-24-004502","form_type":"8-K","ticker":"GRPS","cik":"0001990446","company_name":"Trans American Aquaculture, Inc","filed_at":"2024-06-26T23:59:59+00:00","discovered_at":"2026-05-14T18:03:21.379002+00:00","generated_at":"2026-06-01T01:57:06.769514+00:00","sec_items":["1.01","2.03","3.02"],"event_type":"debt","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Trans American Aquaculture issues $350k secured note at 42.9% interest, enters forbearance on $5.6M debt","bullets":["$350,000 secured promissory note issued to IG Holdings and Iron Rings; fixed interest $12,500/month (42.9% annual).","Interest-only payments due monthly; default rate 60% per annum; late fee $100/day; maturity Dec 16, 2024.","Warrants for 97,222,222 shares at $0.0036 issued to finder Honor Enterprise Funding; exercisable after 3 months.","Forbearance agreement with Kings Aqua Farm on $5.6M note; company must pay $77,374.56 before Aug 6, 2024 to avoid default.","Note secured by first deed on Hutts Property and second deed on Farm Property; default triggers conversion at $0.0039/share."],"urls":{"canonical":"https://secwatch.observer/filing/0001683168-24-004502","json":"https://secwatch.observer/filing/0001683168-24-004502.json","markdown":"https://secwatch.observer/filing/0001683168-24-004502.md","text":"https://secwatch.observer/filing/0001683168-24-004502.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1990446/000168316824004502/0001683168-24-004502-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1990446/000168316824004502/transaqua_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-01T01:57:06.769514+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"}