{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-24-035601","form_type":"8-K","ticker":null,"cik":"0001822145","company_name":"Presto Automation Inc.","filed_at":"2024-03-18T23:59:59+00:00","discovered_at":"2026-05-14T18:03:25.738142+00:00","generated_at":"2026-06-04T15:37:33.044707+00:00","sec_items":["1.01","2.05","8.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Presto Automation raises $1.2M, cuts 18% staff, cash runway only to April 1, 2024","bullets":["Issued 4.8M shares at $0.25 for ~$1.2M gross proceeds; closed March 18, 2024.","Reduced workforce by 24 roles (18% of total); expects $3.1M annualized savings and $0.4M severance costs.","Net proceeds + existing cash sustain operations only through April 1, 2024; seeking additional capital.","Reduction in force is part of wind-down of Touch business."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-24-035601","json":"https://secwatch.observer/filing/0001104659-24-035601.json","markdown":"https://secwatch.observer/filing/0001104659-24-035601.md","text":"https://secwatch.observer/filing/0001104659-24-035601.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1822145/000110465924035601/0001104659-24-035601-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1822145/000110465924035601/tm249131d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T15:37:33.044707+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":"1247a9acb0a84e11146d688b09a61673a816f7ff","claim":"Presto Automation Inc. entered into Purchase Agreement with several investors (the \"Purchasers\") valued at aggregate gross proceeds to the Company from the Offering were approximately $1,200,000 (effective 2024-03-14).","evidence_excerpt":"On March 14, 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 4,800,000 shares of the Company’s common stock, par value $0.0001 per share (the “Offering”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1822145/000110465924035601/0001104659-24-035601-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"several investors (the \"Purchasers\")"},{"label":"Value","value":"aggregate gross proceeds to the Company from the Offering were approximately $1,200,000"},{"label":"Effective","value":"2024-03-14"}],"fact_type":"material_agreement"},{"claim_id":"0f7f31f1978b135cad96254c394773cad4b606e2","claim":"Presto Automation Inc. announced a restructuring with charges of $0.4 million affecting Touch business (24 corporate roles, or 18% of the Company’s workforce).","evidence_excerpt":"reduction in force to be substantially complete by the end of the fiscal fourth quarter of 2024. Total costs and cash expenditures for the reduction in force are estimated at $0.4 million, substantially all of which are related to employee severance and benefits costs and will be recognized in the fiscal third and fourth quarter of 2024. The Company expects to pay","evidence_source":"SEC 8-K Item 2.05/2.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1822145/000110465924035601/0001104659-24-035601-index.htm","confidence":0.9,"family_label":"Restructurings & Charges","details":[{"label":"Type","value":"restructuring"},{"label":"Charge","value":"$0.4 million"},{"label":"Affected area","value":"Touch business"},{"label":"Headcount","value":"24 corporate roles, or 18% of the Company’s workforce"}],"fact_type":"restructuring_charge"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}