Co-Diagnostics, Inc. — Form 8-K
Filed October 13, 2026 · analyzed by the 8-K Agent
8-K
▼ Likely negative
significance 78/100
What the filing says
Co-Diagnostics, Inc. (market cap ~$10M) issued a $2.835M original principal senior secured convertible note to J.J. Astor Co. on October 9, 2026, funded at $2.1M net ($2.016M after $84K origination fee). The note features 30 weekly installments of $94.5K, convertible at 90% of 10-day VWAP (floor price 20% of $1.09 Nasdaq minimum = $0.218/share). An additional $1M loan tranche is available within 60 days. Lender receives 600,000 commitment shares; defaults trigger 120% penalty and 19% default interest. All ATM Financing proceeds (via Maxim Group) flow to DACA Account; 80% services debt, 20% to company until weekly payments satisfied.
Why this rating
Significant dilution (600K shares + conversion potential), onerous repayment terms ($2.835M on $2.1M funded = 35% discount rate), strict covenants, and loss of control over cash flow via DACA are material relative to ~$10M market cap. Convertible structure at steep 20% floor creates existential dilution risk if stock declines.
Tradability signal
SHORT
conviction 27/100 · expected -0.30% over 4 hrs
SHORT (drift): bad news keeps sliding after dissemination — our one persistent measured edge. Similar past filings (145 in this cell) moved +0.36% in the called direction over 4 hrs; shrunk for sample size that's a +0.30% edge. Price is up 0.4% since the filing hit EDGAR — market hasn't digested it yet. Caution: sub-$5 shorts can be hard to borrow — treat as avoid-longs if no locate. Exit plan: HARD stop 8% against entry — 1.4× this stock's measured hourly volatility, fixed, not trailing (trails test terribly on these names) — time exit 4 hrs. (Filing arrived outside market hours — evaluated at the next open with a live quote.)
Derived from this site's own measured outcomes + live price/liquidity at analysis time. An experiment, not investment advice.
Price action (we called it negative)
before filing · preread $1.23 ▼ 0.81% | at our read · unknown $1.24 | +10 min · unknown $1.25 ▲ 0.40% | +30 min · unknown $1.14 ▼ 8.06% | +1 hr · unknown $1.18 ▼ 4.92% | +4 hrs · unknown $1.18 ▼ 4.76% |
The stock had already moved +0.81% between hitting EDGAR and our read finishing — deltas above are measured from our read.
Quotes via Yahoo Finance at capture time; for filings arriving outside market hours the clock starts at the next open. Not investment advice. How accurate are our calls? →
See more from October 13, 2026.
EDGAR·FLOW summarizes public SEC EDGAR filings with automated analysis. Materiality scores and stock-impact predictions are algorithmically generated and are not investment advice. Always verify against the source filing on SEC.gov.