{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-24-028781","form_type":"8-K","ticker":null,"cik":"0001588972","company_name":"Societal CDMO, Inc.","filed_at":"2024-02-28T23:59:59+00:00","discovered_at":"2026-05-14T18:03:24.718938+00:00","generated_at":"2026-06-05T08:50:55.284314+00:00","sec_items":["1.01","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"Societal CDMO to be acquired by CoreRx for $1.10 per share in cash","bullets":["Offer price: $1.10 per share cash; back-end merger under Section 321(f) of PBCL with no shareholder vote.","Supporting shareholders, including directors/officers and First Light Asset Management, owning ~25.5% of shares, agree to tender.","Minimum condition: at least one share >50% of outstanding shares validly tendered, plus other customary conditions.","Termination fee of $5 million payable by Societal under specified circumstances.","Board unanimously recommends shareholders tender shares; deal expected by August 28, 2024."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-24-028781","json":"https://secwatch.observer/filing/0001104659-24-028781.json","markdown":"https://secwatch.observer/filing/0001104659-24-028781.md","text":"https://secwatch.observer/filing/0001104659-24-028781.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1588972/000110465924028781/0001104659-24-028781-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1588972/000110465924028781/tm247234d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-05T08:50:55.284314+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":"0553e72c215d1b4f1c71c1b7f508730d357ba9aa","claim":"Societal CDMO, Inc. entered into Agreement and Plan of Merger with CoreRx, Inc. and Cane Merger Sub, Inc. (effective 2024-02-28).","evidence_excerpt":"On February 28, 2024, Societal CDMO, Inc., a Pennsylvania corporation (the “Company” or “Societal”), CoreRx, Inc., a Florida corporation (“Parent” or “CoreRx”), and Cane Merger Sub, Inc., a Pennsylvania corporation and a wholly owned subsidiary of Parent (“Merger Sub”), entered into an Agreement and Plan of Merger (the “Merger Agreement”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1588972/000110465924028781/0001104659-24-028781-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"merger"},{"label":"Counterparty","value":"CoreRx, Inc. and Cane Merger Sub, Inc."},{"label":"Effective","value":"2024-02-28"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}