---
schema_version: "secwatch.filing_event.v1"
accession: "0001683168-24-007110"
form_type: "8-K"
ticker: "GRPS"
cik: "0001990446"
company_name: "Trans American Aquaculture, Inc"
filed_at: "2024-10-11T23:59:59+00:00"
generated_at: "2026-05-30T15:48:12.522762+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Trans American Aquaculture defaults on $194.4K notes; creditor demands $234,927

## Summary
- Missed $21,018 payment due Sept 30 on $82,800 note; cross-default accelerated both notes ($194,400 total principal).
- Default notice from 1800 Diagonal Lending on Oct 7 demands $234,927, representing 150% of outstanding principal plus interest.
- Notes include conversion rights: Lender may convert default amount into common shares, diluting existing shareholders.
- Company's obligations now immediately due and payable; five business days to pay before conversion rights activate.

## SEC filing metadata
- accession: 0001683168-24-007110
- form_type: 8-K
- ticker: GRPS
- cik: 0001990446
- company_name: Trans American Aquaculture, Inc
- filed_at: 2024-10-11T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.04
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1990446/000168316824007110/0001683168-24-007110-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1990446/000168316824007110/transaqua_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-24-007110
- JSON: https://secwatch.observer/filing/0001683168-24-007110.json
- Plain text: https://secwatch.observer/filing/0001683168-24-007110.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.