{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-24-030518","form_type":"8-K","ticker":null,"cik":"0001822145","company_name":"Presto Automation Inc.","filed_at":"2024-03-04T23:59:59+00:00","discovered_at":"2026-05-14T18:03:25.737628+00:00","generated_at":"2026-06-05T04:53:00.046376+00:00","sec_items":["1.01","8.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"Presto Automation raises $2.1M at $0.25/share; cash lasts only to mid-March; lender seizes $10M collateral","bullets":["Issued 8,533,000 shares at $0.25 per share for ~$2.1M gross proceeds.","Net proceeds sufficient only through mid-March; exploring further capital.","$10M restricted cash collateral taken by lender, reducing loan to $51.7M principal.","Anti-dilution adjustments increase outstanding shares from 90M to 99M plus 9M warrants at $0.01.","Remus Capital received $960K convertible note convertible at $0.25/share."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-24-030518","json":"https://secwatch.observer/filing/0001104659-24-030518.json","markdown":"https://secwatch.observer/filing/0001104659-24-030518.md","text":"https://secwatch.observer/filing/0001104659-24-030518.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1822145/000110465924030518/0001104659-24-030518-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1822145/000110465924030518/tm246736d5_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-05T04:53:00.046376+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":"cfed9cf9da109754eba81a2a44a0db9d154c5bd0","claim":"Presto Automation Inc. entered into Purchase Agreement with several investors valued at aggregate gross proceeds to the Company from the Offering approximately $2,100,000 (effective 2024-02-29).","evidence_excerpt":"On February 29, 2024, Presto Automation Inc. (the “Company”) entered into a securities purchase agreements (the “Purchase Agreement”) with several investors (the “Purchasers”) relating to the issuance and sale of an aggregate of 8,533,000 shares of the Company’s common stock","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1822145/000110465924030518/0001104659-24-030518-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"several investors"},{"label":"Value","value":"aggregate gross proceeds to the Company from the Offering approximately $2,100,000"},{"label":"Effective","value":"2024-02-29"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}