---
schema_version: "secwatch.filing_event.v1"
accession: "0001740797-23-000072"
form_type: "8-K"
ticker: "AVAI"
cik: "0001740797"
company_name: "AVAI BIO, INC."
filed_at: "2023-10-06T23:59:59+00:00"
generated_at: "2026-06-10T03:32:00.080528+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Avant Technologies issues $126K convertible note to 1800 Diagonal Lending LLC

## Summary
- Issued $126,000 convertible note (original issue discount of $21,000) for net proceeds of $105,000.
- Note matures March 2, 2025, bears 8% interest, convertible after 180 days at 85% of lowest trading price.
- Conversion capped at 4.99% beneficial ownership; company repaid prior $125,100 note on Sept 26, 2023 for $136,393.
- Proceeds used for general working capital; securities issued under Section 4(a)(2) exemption.

## SEC filing metadata
- accession: 0001740797-23-000072
- form_type: 8-K
- ticker: AVAI
- cik: 0001740797
- company_name: AVAI BIO, INC.
- filed_at: 2023-10-06T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1740797/000174079723000072/0001740797-23-000072-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1740797/000174079723000072/avai8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001740797-23-000072
- JSON: https://secwatch.observer/filing/0001740797-23-000072.json
- Plain text: https://secwatch.observer/filing/0001740797-23-000072.txt

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