---
schema_version: "secwatch.filing_event.v1"
accession: "0001740797-23-000019"
form_type: "8-K"
ticker: "AVAI"
cik: "0001740797"
company_name: "AVAI BIO, INC."
filed_at: "2023-03-28T23:59:59+00:00"
generated_at: "2026-06-17T13:07:15.940027+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Trend Innovations issues $125,100 convertible note to 1800 Diagonal Lending at 8% interest

## Summary
- Principal $125,100; purchased at $104,250 (16.6% OID); 8% annual interest; matures June 27, 2024.
- Conversion after 180 days at 85% of lowest trading price in prior 20 days; 4.99% ownership cap.
- Company granted 1800 Diagonal Lending right of first refusal on future equity offerings under $150k for 9 months.
- Proceeds used for general working capital; buyer's expenses of $4,250 reimbursed.

## SEC filing metadata
- accession: 0001740797-23-000019
- form_type: 8-K
- ticker: AVAI
- cik: 0001740797
- company_name: AVAI BIO, INC.
- filed_at: 2023-03-28T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1740797/000174079723000019/0001740797-23-000019-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1740797/000174079723000019/tren_8kd.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001740797-23-000019
- JSON: https://secwatch.observer/filing/0001740797-23-000019.json
- Plain text: https://secwatch.observer/filing/0001740797-23-000019.txt

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