{"schema_version":"secwatch.filing_event.v1","accession":"0000950142-25-001993","form_type":"8-K","ticker":"MARA","cik":"0001507605","company_name":"MARA Holdings, Inc.","filed_at":"2025-07-24T23:59:59+00:00","discovered_at":"2026-05-14T18:02:44.167025+00:00","generated_at":"2026-05-18T02:13:44.167288+00:00","sec_items":["8.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"MARA prices $950M zero-coupon convertible notes due 2032; upsized with $200M greenshoe option","bullets":["$950M aggregate principal of 0.00% convertible senior notes due 2032 priced; initial purchasers have $200M option.","Net proceeds ~$940.5M ($1,138.5M with greenshoe); ~$18.3M to repurchase $19.4M of existing 1% 2026 notes.","$36.9M for capped call transactions; initial cap price ~$24.14 (40% premium over $17.24 VWAP).","Remainder for additional bitcoin acquisition, working capital, strategic acquisitions, and debt repayment.","Offering expected to close July 25, 2025; notes convertible into cash/stock at MARA's election."],"urls":{"canonical":"https://secwatch.observer/filing/0000950142-25-001993","json":"https://secwatch.observer/filing/0000950142-25-001993.json","markdown":"https://secwatch.observer/filing/0000950142-25-001993.md","text":"https://secwatch.observer/filing/0000950142-25-001993.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1507605/000095014225001993/0000950142-25-001993-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1507605/000095014225001993/eh250658656_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-18T02:13:44.167288+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"}