{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-25-042190","form_type":"8-K","ticker":"IRIX","cik":"0001006045","company_name":"IRIDEX CORP","filed_at":"2025-03-20T23:59:59+00:00","discovered_at":"2026-05-14T18:03:02.673545+00:00","generated_at":"2026-05-24T09:37:21.511411+00:00","sec_items":["1.01","5.03","1.02","2.03","3.02","5.02","8.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"IRIDEX raises $10M via preferred stock and convertible note; repays Lind debt; new CFO and directors","bullets":["Issued 600K Series B Preferred at $10/sh (convertible into 3M common) and $4M 12% convertible note to Novel Inspiration.","Repaid Lind Global $3.33M, terminating Lind convertible note; remaining proceeds for general corporate purposes.","Board appointed William Moore and Nick Chen as directors (Novel nominees) effective upon closing.","Romeo Dizon appointed CFO (replacing Fuad Ahmad); $300K base salary and change-in-control severance.","Novel receives registration rights, two board seats, and veto power over specified corporate actions."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-25-042190","json":"https://secwatch.observer/filing/0000950170-25-042190.json","markdown":"https://secwatch.observer/filing/0000950170-25-042190.md","text":"https://secwatch.observer/filing/0000950170-25-042190.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1006045/000095017025042190/0000950170-25-042190-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1006045/000095017025042190/irix-20250316.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-24T09:37:21.511411+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":"0e9255778b","claim":"Fuad Ahmad departed as Chief Financial Officer at IRIDEX CORP.","evidence_excerpt":"Romeo Dizon was appointed by the Company’s Board as its Chief Financial Officer, to replace Fuad Ahmad effective as of the Closing","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1006045/000095017025042190/0000950170-25-042190-index.htm","confidence":0.9,"family_label":"Executive change","details":[{"label":"Action","value":"replaced"},{"label":"Role","value":"Chief Financial Officer"}],"fact_type":"executive_change"},{"claim_id":"4137a81a66","claim":"William Moore was appointed as Director at IRIDEX CORP.","evidence_excerpt":"the Company’s board of directors (the “Board”) appointed William Moore and Nick Chen as members of the Board, effective as of the Closing","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1006045/000095017025042190/0000950170-25-042190-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"6b86eef7c3","claim":"Nick Chen was appointed as Director at IRIDEX CORP.","evidence_excerpt":"the Company’s board of directors (the “Board”) appointed William Moore and Nick Chen as members of the Board, effective as of the Closing","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1006045/000095017025042190/0000950170-25-042190-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"8392117f15","claim":"Romeo Dizon was appointed as Chief Financial Officer at IRIDEX CORP.","evidence_excerpt":"Romeo Dizon was appointed by the Company’s Board as its Chief Financial Officer, to replace Fuad Ahmad effective as of the Closing","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1006045/000095017025042190/0000950170-25-042190-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Chief Financial Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}