{"schema_version":"secwatch.filing_event.v1","accession":"0001839882-23-012008","form_type":"8-K","ticker":"SLSN","cik":"0000883107","company_name":"SOLESENCE, INC.","filed_at":"2023-05-04T23:59:59+00:00","discovered_at":"2026-05-14T18:03:42.586734+00:00","generated_at":"2026-06-15T23:47:53.765263+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Nanophase enters $1.75M note with affiliate of majority shareholder for Bolingbrook facility","bullets":["Borrowed $1.75M non-revolving line of credit from Beachcorp, LLC (affiliate of majority owner Bradford T. Whitmore) at Prime + 0.75%.","Note matures Sept 30, 2023; proceeds fund clean room and tenant improvements at 400 Crossroads Pkwy, Bolingbrook, IL.","Principal must be prepaid from any landlord reimbursements received under the December 2021 lease.","Note secured by all unencumbered assets; related-party transaction due to Whitmore family ownership.","No financial statements or other exhibits provided beyond the promissory note."],"urls":{"canonical":"https://secwatch.observer/filing/0001839882-23-012008","json":"https://secwatch.observer/filing/0001839882-23-012008.json","markdown":"https://secwatch.observer/filing/0001839882-23-012008.md","text":"https://secwatch.observer/filing/0001839882-23-012008.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/883107/000183988223012008/0001839882-23-012008-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/883107/000183988223012008/nanx-8k_050423.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T23:47:53.765263+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":[{"claim_id":"83d38e9363b5dd137f61cfc3eb50b87dd055af2c","claim":"SOLESENCE, INC. incurred loan of $1,750,000 with Beachcorp, LLC at prime rate plus 0.75% maturing September 30, 2023.","evidence_excerpt":"On May 1, 2023, to advance funds used for work on its Bolingbrook facility which are expected to be reimbursed by its landlord, Nanophase Technologies Corporation (the “Company”) entered into another promissory note (the “Note”) in favor of Beachcorp, LLC in the amount of $1,750,000 with an interest rate of the prime rate plus 0.75%","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/883107/000183988223012008/0001839882-23-012008-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"$1,750,000"},{"label":"Counterparty","value":"Beachcorp, LLC"},{"label":"Rate","value":"prime rate plus 0.75%"},{"label":"Maturity","value":"September 30, 2023"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"4fe3e5fb86059f7219b9262cb9f513ee6de89fdf","claim":"SOLESENCE, INC. entered into Promissory Note with Beachcorp, LLC valued at $1,750,000 with interest rate of prime rate plus 0.75% (effective 2023-05-01).","evidence_excerpt":"On May 1, 2023, to advance funds used for work on its Bolingbrook facility which are expected to be reimbursed by its landlord, Nanophase Technologies Corporation (the “Company”) entered into another promissory note (the “Note”) in favor of Beachcorp, LLC in the amount of $1,750,000 with an interest rate of the prime rate plus 0.75%.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/883107/000183988223012008/0001839882-23-012008-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Beachcorp, LLC"},{"label":"Value","value":"$1,750,000 with interest rate of prime rate plus 0.75%"},{"label":"Effective","value":"2023-05-01"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}