{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-25-069440","form_type":"8-K","ticker":"SMA","cik":"0001585389","company_name":"SmartStop Self Storage REIT, Inc.","filed_at":"2025-05-12T23:59:59+00:00","discovered_at":"2026-05-14T18:02:48.896266+00:00","generated_at":"2026-05-21T23:39:04.066193+00:00","sec_items":["8.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"SmartStop Board rejects MacKenzie mini-tender at $20/share, 45% below market","bullets":["MacKenzie offers $20 post-split ($5 pre-split) for up to 300k shares; May 12 close was $36.53.","Board unanimously recommends ignoring offer, citing price over 45% below market and lack of disclosure.","Class A and T shares convert to listed class on Oct 1, 2025, enabling open-market sales.","Offer is ~1.2% of outstanding shares, a mini-tender; SEC warns of heightened risk.","MacKenzie has made two prior similar offers; company cannot verify tender funds."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-25-069440","json":"https://secwatch.observer/filing/0000950170-25-069440.json","markdown":"https://secwatch.observer/filing/0000950170-25-069440.md","text":"https://secwatch.observer/filing/0000950170-25-069440.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1585389/000095017025069440/0000950170-25-069440-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1585389/000095017025069440/ck0001585389-20250512.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-21T23:39:04.066193+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"}