{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-037143","form_type":"8-K","ticker":"VSTM","cik":"0001526119","company_name":"Verastem, Inc.","filed_at":"2023-03-27T23:59:59+00:00","discovered_at":"2026-05-14T18:03:45.388533+00:00","generated_at":"2026-06-17T14:47:47.763251+00:00","sec_items":["2.03"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Verastem draws $15M Term B Loan from Oxford Finance facility","bullets":["Drew $15M Term B Loan on March 22, 2023, after receiving at least $50M in equity proceeds.","Loan carries floating rate of SOFR (floor 0.13%) + 7.37%; interest payable monthly.","Repayment begins April 1, 2025; maturity March 1, 2027; final payment of 5% of original principal.","Prepayment fees range from 1% to 3% depending on timing; no financial covenants.","Total facility up to $150M; previous draw $25M, now total drawn $40M."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-037143","json":"https://secwatch.observer/filing/0001104659-23-037143.json","markdown":"https://secwatch.observer/filing/0001104659-23-037143.md","text":"https://secwatch.observer/filing/0001104659-23-037143.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1526119/000110465923037143/0001104659-23-037143-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1526119/000110465923037143/tm2310577d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-17T14:47:47.763251+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":"7ca48a3ab27d1d4c8ed86eac3064e71830d8093b","claim":"Verastem, Inc. incurred term loan of $15.0 million Term B Loan with Oxford Finance LLC and Oxford Finance Credit Fund III LP at the greater of (i) the one-month CME Secured Overnight Financing Rate and (ii) 0 maturing March 1, 2027.","evidence_excerpt":"On March 22, 2023, the Company elected to draw down the $15.0 million Term B Loan, having received at least $50.0 million in unrestricted cash proceeds from the sale or issuance of equity securities.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1526119/000110465923037143/0001104659-23-037143-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"$15.0 million Term B Loan"},{"label":"Counterparty","value":"Oxford Finance LLC and Oxford Finance Credit Fund III LP"},{"label":"Rate","value":"the greater of (i) the one-month CME Secured Overnight Financing Rate and (ii) 0"},{"label":"Maturity","value":"March 1, 2027"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}