{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-24-016765","form_type":"8-K","ticker":"LEDS","cik":"0001333822","company_name":"SemiLEDs Corp","filed_at":"2024-02-20T23:59:59+00:00","discovered_at":"2026-05-14T18:03:23.856165+00:00","generated_at":"2026-06-05T22:51:31.523869+00:00","sec_items":["1.01","3.02","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"SemiLEDs allows CEO to convert $800k loan into shares; issues 629,921 shares at $1.27","bullets":["Fifth Amendment to loan with Chairman/CEO Trung Doan allows stock repayment of up to $800,000 at closing price.","SemiLEDs delivered payment notice to prepay $800k principal with 629,921 shares at $1.27 per share (Feb 8 close).","Original $1.7M loan from Jan 2019, 8% interest, secured by HQ building; maturity extended to Jan 2025.","Shares were issued in a private placement under Section 4(a)(2) of the Securities Act.","The stock-based repayment dilutes existing shareholders and suggests limited cash availability."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-24-016765","json":"https://secwatch.observer/filing/0000950170-24-016765.json","markdown":"https://secwatch.observer/filing/0000950170-24-016765.md","text":"https://secwatch.observer/filing/0000950170-24-016765.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1333822/000095017024016765/0000950170-24-016765-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1333822/000095017024016765/leds-20240220.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-05T22:51:31.523869+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"}