---
schema_version: "secwatch.filing_event.v1"
accession: "0001763925-21-000020"
form_type: "8-K"
ticker: "CJAX"
cik: "0001763925"
company_name: "CoJax Oil & Gas Corp"
filed_at: "2021-11-22T23:59:59+00:00"
generated_at: "2026-06-28T06:11:07.224752+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# CoJax Oil exchanges $2.7M promissory note for 1.35M shares; holder now 24.8% owner

## Summary
- Issued 1,350,000 shares at $2.00 per share to discharge $2.7M total debt held by Central Operating, LLC.
- Full retirement of Second Amended and Restated Promissory Note due April 30, 2022.
- Holder became beneficial owner of approximately 24.8% of outstanding common stock.
- Shares issued in reliance on Section 4(a)(2) exemption; restricted securities with legends.

## SEC filing metadata
- accession: 0001763925-21-000020
- form_type: 8-K
- ticker: CJAX
- cik: 0001763925
- company_name: CoJax Oil & Gas Corp
- filed_at: 2021-11-22T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1763925/000176392521000020/0001763925-21-000020-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1763925/000176392521000020/cjax_8k_debtexch_11-16-2021.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001763925-21-000020
- JSON: https://secwatch.observer/filing/0001763925-21-000020.json
- Plain text: https://secwatch.observer/filing/0001763925-21-000020.txt

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