{"schema_version":"secwatch.filing_event.v1","accession":"0000085535-25-000107","form_type":"8-K","ticker":"RGLD","cik":"0000085535","company_name":"ROYAL GOLD INC","filed_at":"2025-07-10T23:59:59+00:00","discovered_at":"2026-05-14T18:02:46.501523+00:00","generated_at":"2026-05-18T08:49:18.188744+00:00","sec_items":["1.01","3.02","8.01","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":1.0,"calibrated_materiality_score":1.0,"confidence":"high","headline":"Royal Gold to acquire Sandstorm Gold in stock deal and Horizon Copper for C$2.00/share","bullets":["Sandstorm shareholders receive 0.0625 RGLD share per SAND share in all-stock transaction.","Horizon shareholders get C$2.00/share in cash; total Horizon consideration C$2.00 per share.","Termination fees: RGLD pays $200M to Sandstorm; Sandstorm pays $130M; Horizon pays $10M; RGLD pays $15M.","Support agreements: insiders holding ~54% of Horizon and ~1% of Sandstorm shares committed to vote in favor.","Approvals required: shareholder votes (66 2/3% for Sandstorm), court and regulatory clearance; deadline Jan 6, 2026."],"urls":{"canonical":"https://secwatch.observer/filing/0000085535-25-000107","json":"https://secwatch.observer/filing/0000085535-25-000107.json","markdown":"https://secwatch.observer/filing/0000085535-25-000107.md","text":"https://secwatch.observer/filing/0000085535-25-000107.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/85535/000008553525000107/0000085535-25-000107-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/85535/000008553525000107/rgld-20250706.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-18T08:49:18.188744+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}