{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-24-037407","form_type":"8-K","ticker":null,"cik":"0001822145","company_name":"Presto Automation Inc.","filed_at":"2024-03-21T23:59:59+00:00","discovered_at":"2026-05-14T18:03:25.738408+00:00","generated_at":"2026-06-04T10:21:29.179969+00:00","sec_items":["1.01","8.01","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Presto Automation secures $4M bridge loan from Presto CA, gets lender forbearance through May 15, 2024","bullets":["Issued $4M secured promissory note to Presto CA; $2M funded now, $2M on March 30, matures May 15, 2024.","12% PIK interest; note secured by first-priority lien on substantially all assets.","Existing lenders (Metropolitan Partners) forbear on defaults until May 15, 2024, conditional on the note.","Anti-dilution period extended through Sept 30, 2024; trigger price set at below $0.25 per share.","Company projects initial $2M funds operations through April 15; additional $2M through May 15, 2024."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-24-037407","json":"https://secwatch.observer/filing/0001104659-24-037407.json","markdown":"https://secwatch.observer/filing/0001104659-24-037407.md","text":"https://secwatch.observer/filing/0001104659-24-037407.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1822145/000110465924037407/0001104659-24-037407-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1822145/000110465924037407/tm249250d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T10:21:29.179969+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":"64fb20d988cb1ae587cdbdb2e05a798ffff11b11","claim":"Presto Automation Inc. amended Second Amendment with Presto CA LLC (effective 2024-03-21).","evidence_excerpt":"On March 21, 2024, in connection with the issuance of the Note, the Company entered into a second amendment (the “Second Amendment”) to Purchase Agreement dated October 10, 2023, between the Company and Presto CA (the “CA Purchase Agreement”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1822145/000110465924037407/0001104659-24-037407-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"Presto CA LLC"},{"label":"Effective","value":"2024-03-21"}],"fact_type":"material_agreement"},{"claim_id":"8653a02e1ded8d7f9e5898ccd0905ee4bc432c1c","claim":"Presto Automation Inc. entered into Secured Promissory Note with Presto CA LLC valued at $4,000,000 (effective 2024-03-21).","evidence_excerpt":"On March 21, 2024, Presto Automation Inc. (“Presto” or the “Company”), together with Presto Automation, LLC, issued to Presto CA LLC (“Presto CA”) a secured promissory note in the principal amount of $4,000,000 (the “Note”), pursuant to which Presto CA agreed to make two loans totaling an aggregate of $4,000,000 to the Company.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1822145/000110465924037407/0001104659-24-037407-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Presto CA LLC"},{"label":"Value","value":"$4,000,000"},{"label":"Effective","value":"2024-03-21"}],"fact_type":"material_agreement"},{"claim_id":"9e036775fa209a88f95b30c020789f492b29fe07","claim":"Presto Automation Inc. amended Seventh Amendment with Metropolitan Partners Group Administration, LLC (effective 2024-03-21).","evidence_excerpt":"On March 21, 2024, the Company entered into a Seventh Amendment (the “Seventh Amendment”) to the Credit Agreement dated as of September 21, 2022 (as subsequently amended, the “Credit Agreement”) with the Agent for the Lenders.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1822145/000110465924037407/0001104659-24-037407-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Metropolitan Partners Group Administration, LLC"},{"label":"Effective","value":"2024-03-21"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}