{"schema_version":"secwatch.filing_event.v1","accession":"0000950142-23-002964","form_type":"8-K","ticker":"CMTL","cik":"0000023197","company_name":"COMTECH TELECOMMUNICATIONS CORP /DE/","filed_at":"2023-12-14T23:59:59+00:00","discovered_at":"2026-05-14T18:03:31.583944+00:00","generated_at":"2026-06-07T13:08:26.860380+00:00","sec_items":["1.01","3.02","3.03","5.03","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Comtech exchanges Series A Preferred for new Series A-1 with amended terms, up to $50M common issuance allowed","bullets":["Exchanged all 100,000 Series A Preferred shares for 100,000 Series A-1 Preferred shares at $1,134.20 liquidation preference per share.","Company may issue up to $50M of common stock without holder consent until October 31, 2024.","On change of control, holders may require repurchase at 1.5x liquidation preference (was 1.0x).","Conversion price remains $23.97 per share; Series A-1 has substantially same powers and preferences as Series A.","Transaction exempt from registration; related registration rights and voting agreements apply to Series A-1."],"urls":{"canonical":"https://secwatch.observer/filing/0000950142-23-002964","json":"https://secwatch.observer/filing/0000950142-23-002964.json","markdown":"https://secwatch.observer/filing/0000950142-23-002964.md","text":"https://secwatch.observer/filing/0000950142-23-002964.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/23197/000095014223002964/0000950142-23-002964-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/23197/000095014223002964/eh230430442_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T13:08:26.860380+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":"b6ac18b3b5820925796a4e7d78c5907996424712","claim":"COMTECH TELECOMMUNICATIONS CORP /DE/ entered into Exchange Agreement with certain affiliates and related funds of Magnetar Capital LLC and White Hat Capital Partners LP valued at $1,134.20 per share (effective 2023-12-13).","evidence_excerpt":"On December 13, 2023, Comtech Telecommunications Corp. (the “ Company ”) and certain affiliates and related funds of Magnetar Capital LLC and White Hat Capital Partners LP (collectively, the “ Investors ”) agreed to change the terms of the Company’s Series A Convertible Preferred Stock, par value $0.10 per share (the “ Series A Convertible Preferred Stock ”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/23197/000095014223002964/0000950142-23-002964-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"certain affiliates and related funds of Magnetar Capital LLC and White Hat Capital Partners LP"},{"label":"Value","value":"$1,134.20 per share"},{"label":"Effective","value":"2023-12-13"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}