{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-24-084423","form_type":"8-K","ticker":null,"cik":"0001934064","company_name":"ProSomnus, Inc.","filed_at":"2024-07-31T23:59:59+00:00","discovered_at":"2026-05-14T18:03:15.223058+00:00","generated_at":"2026-05-31T14:32:38.841734+00:00","sec_items":["1.03","8.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":1.0,"calibrated_materiality_score":1.0,"confidence":"high","headline":"Bankruptcy court confirms ProSomnus Chapter 11 plan; equity canceled with no recovery","bullets":["Court entered Confirmation Order on July 30, 2024; Effective Date expected around Aug 5, 2024.","Common stock (17.4M shares) and warrants (6.5M warrants) canceled with no distribution.","Assets of $26.4M vs liabilities of $64.5M as of June 30, 2024 (unaudited).","Company will file Form 15 to deregister securities and suspend SEC reporting obligations.","Reorganized entity to issue new equity and $15.5M in new notes to certain creditors."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-24-084423","json":"https://secwatch.observer/filing/0001104659-24-084423.json","markdown":"https://secwatch.observer/filing/0001104659-24-084423.md","text":"https://secwatch.observer/filing/0001104659-24-084423.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1934064/000110465924084423/0001104659-24-084423-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1934064/000110465924084423/tm2420568d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T14:32:38.841734+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":"e822b72ae427e309b056e11824c01069ce8896d9","claim":"ProSomnus, Inc. entered chapter 11 in United States Bankruptcy Court for the District of Delaware (petition 2024-05-07).","evidence_excerpt":"on May 7, 2024, ProSomnus, Inc. (the “ Company ”) and certain of its existing affiliates and subsidiaries (collectively, the “ Debtors ”) filed voluntary petitions for relief under Chapter 11 of Title 11 of the United States Bankruptcy Code, as amended (the “ Bankruptcy Code ”), in the United States Bankruptcy Court for the District of Delaware (the “ Bankruptcy Court ”) with a pre-negotiated chapter 11 plan as contemplated by the Restructuring Support Agreement, dated May 7, 2024 (the “ RSA ”). The Debtors’ Chapter 11 cases are being jointly administered under the caption In re ProSomnus Inc.., et al ., Case No. 24-10972 (the “ Chapter 11 Cases ”).","evidence_source":"SEC 8-K Item 1.03","evidence_url":"https://www.sec.gov/Archives/edgar/data/1934064/000110465924084423/0001104659-24-084423-index.htm","confidence":0.9,"family_label":"Distress & Bankruptcy","details":[{"label":"Proceeding","value":"chapter 11"},{"label":"Court","value":"United States Bankruptcy Court for the District of Delaware"},{"label":"Petition","value":"2024-05-07"}],"fact_type":"distress_event"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}