{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-115298","form_type":"8-K","ticker":"CMTL","cik":"0000023197","company_name":"COMTECH TELECOMMUNICATIONS CORP /DE/","filed_at":"2023-11-07T23:59:59+00:00","discovered_at":"2026-05-14T18:03:31.583481+00:00","generated_at":"2026-06-08T17:54:52.313917+00:00","sec_items":["1.01","7.01","2.03","5.03","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Comtech closes divestiture of PST product line to Stellant for $32.5M; proceeds used to reduce debt","bullets":["Net cash proceeds of $32.5M from sale of PST product line to Stellant (Arlington Capital Partners portfolio company).","Proceeds used to pay down outstanding debt on amended credit facility.","Entered Third Amended Credit Agreement: revolving commitments drop to $140M after Jan 1, 2024; quarterly reductions of $5M thereafter.","Amended Certificate of Designations for Series A Convertible Preferred Stock to reference new credit facility."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-115298","json":"https://secwatch.observer/filing/0001104659-23-115298.json","markdown":"https://secwatch.observer/filing/0001104659-23-115298.md","text":"https://secwatch.observer/filing/0001104659-23-115298.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/23197/000110465923115298/0001104659-23-115298-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/23197/000110465923115298/tm2330121d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-08T17:54:52.313917+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":"da1e57bfcb2c43c8116599ac486f56de950dcdff","claim":"COMTECH TELECOMMUNICATIONS CORP /DE/: Amended the Certificate of Designations of Series A Convertible Preferred Stock to update definition of 'Existing Credit Agreement' to reference the Amended Credit Facility (effective 2023-11-07).","evidence_excerpt":"Effective November 7, 2023, in connection with: (i) the closing of the PST Sale (as defined in Item 7.01 below) and (ii) entering into the Amended Credit Facility, Comtech and the holders of the Company’s Series A Convertible Preferred Stock entered into the Second Amended and Restated Certificate of Designations of Series A Convertible Preferred Stock of Comtech to modify the defined term “Existing Credit Agreement” to mean the Amended Credit Facility.","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/23197/000110465923115298/0001104659-23-115298-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"charter amendment"},{"label":"Effective","value":"2023-11-07"}],"fact_type":"governance_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}