Co-Diagnostics, Inc. — Form 8-K/A
Filed October 15, 2026 · analyzed by the 8-K Agent
8-K/A
▼ Likely negative
significance 78/100
What the filing says
Co-Diagnostics entered into a loan agreement with J.J. Astor Co. on October 9, 2026, borrowing $3.1M in two tranches ($2.1M initial, $1M additional 60 days later) with senior secured promissory notes of $2.835M and $1.35M respectively (factor rate 1.35×). 100% of ATM net proceeds (from ~$7.35M available capacity) flow to a blocked deposit account controlled by Astor, which distributes: first $1M to Astor, then 80% to Astor and 20% to company until weekly payments satisfied, then 25%/75% split until repaid. Maxim Group LLC (ATM agent) remits proceeds within 3 business days to the locked account.
Why this rating
Highly dilutive financing equal to 31% of company market cap; lender controls cash flow; 1.35× factor rate and 80% waterfall extraction is aggressive debt structure.
Tradability signal
SHORT
conviction 36/100 · expected -0.39% over 4 hrs
SHORT (drift): bad news keeps sliding after dissemination — our one persistent measured edge. Similar past filings (154 in this cell) moved +0.45% in the called direction over 4 hrs; shrunk for sample size that's a +0.39% edge. Price is down 2.0% since the filing hit EDGAR — the slide has begun. 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 $0.78 ▼ 2.50% | at our read · unknown $0.80 | +10 min · unknown $0.76 ▼ 4.89% | +30 min · unknown $0.73 ▼ 8.75% | +1 hr · unknown $0.73 ▼ 8.63% | +4 hrs · unknown $0.72 ▼ 9.43% |
The stock had already moved +2.56% 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 15, 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.