{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-23-024528","form_type":"8-K","ticker":null,"cik":"0001401395","company_name":"Neptune Wellness Solutions Inc.","filed_at":"2023-05-26T23:59:59+00:00","discovered_at":"2026-05-14T18:03:38.707069+00:00","generated_at":"2026-06-14T12:43:45.385764+00:00","sec_items":["1.01","2.04","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Neptune Wellness waives $2M prepayment, pays $1M now; interest rate jumps to 24%","bullets":["Waived $1M of $2M mandatory prepayment due May 15; paid $1M, remaining due July 31, 2023.","Interest rate on $4.76M principal increased to 24% per annum from March 31 until full prepayment.","Extension fee of $138,606 added to principal; Delayed Draw Term Notes reduced to $0.","Collateral Agent gets board observer rights at Sprout Foods until full repayment.","Company granted waiver of default; further 30-day extension possible if S-1 filed by July 31."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-23-024528","json":"https://secwatch.observer/filing/0000950170-23-024528.json","markdown":"https://secwatch.observer/filing/0000950170-23-024528.md","text":"https://secwatch.observer/filing/0000950170-23-024528.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1401395/000095017023024528/0000950170-23-024528-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1401395/000095017023024528/nept-20230522.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-14T12:43:45.385764+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":"585f2f4229652c3c14377224e08c3b5771434e6e","claim":"Neptune Wellness Solutions Inc. amended debt with CCUR Holdings, Inc. (Collateral Agent) and the purchasers named therein at twenty four percent (24%) per annum.","evidence_excerpt":"On May 22, 2023, Neptune Wellness Solutions Inc. (the \" Company \") entered into a Waiver and Second Amendment to Note Purchase Agreement (the \" Waiver Agreement \"), with CCUR Holdings, Inc. (\" Collateral Agent \") and the purchasers named therein, related to the Note Purchase Agreement dated as of January 12, 2023 (the \" Note Purchase Agreement \").","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1401395/000095017023024528/0000950170-23-024528-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Counterparty","value":"CCUR Holdings, Inc. (Collateral Agent) and the purchasers named therein"},{"label":"Rate","value":"twenty four percent (24%) per annum"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"},{"claim_id":"bc91f2f90b027b7fe8d209ddbf6f0e5a5d029eb4","claim":"Neptune Wellness Solutions Inc. amended Waiver and Second Amendment to Note Purchase Agreement with CCUR Holdings, Inc. as Collateral Agent and purchasers named therein valued at Waiver of $2M mandatory prepayment until July 31, 2023 (or 30 days later if S-1 filed); $1M paid; in (effective 2023-05-22).","evidence_excerpt":"Item 1.01 Entry into a Material Definitive Agreement. On May 22, 2023, Neptune Wellness Solutions Inc. (the \" Company \") entered into a Waiver and Second Amendment to Note Purchase Agreement (the \" Waiver Agreement \"), with CCUR Holdings, Inc. (\" Collateral Agent \") and the purchasers named therein, related to the Note Purchase Agreement dated as of January 12, 2023 (the \" Note Purchase Agreement \").","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1401395/000095017023024528/0000950170-23-024528-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"CCUR Holdings, Inc. as Collateral Agent and purchasers named therein"},{"label":"Value","value":"Waiver of $2M mandatory prepayment until July 31, 2023 (or 30 days later if S-1 filed); $1M paid; in"},{"label":"Effective","value":"2023-05-22"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}