{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-24-128984","form_type":"8-K","ticker":"PTPI","cik":"0001815903","company_name":"Petros Pharmaceuticals, Inc.","filed_at":"2024-12-16T23:59:59+00:00","discovered_at":"2026-05-14T18:03:09.788828+00:00","generated_at":"2026-05-29T03:04:21.647748+00:00","sec_items":["2.04","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Petros subsidiary defaults on $7.25M note; Vivus forecloses on collateral for $2M partial satisfaction","bullets":["Metuchen failed to pay installment due Oct 1, 2024; all obligations accelerated.","Outstanding principal $7,246,634.90 plus interest $237,300.35 at default rate of 9%.","Secured party Vivus LLC proposed acceptance of foreclosed collateral in partial satisfaction of $2M obligations.","Metuchen agreed to foreclosure on Dec 13, 2024; remaining obligations continue.","Collateral excludes a Specified License Agreement; no other terms disclosed."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-24-128984","json":"https://secwatch.observer/filing/0001104659-24-128984.json","markdown":"https://secwatch.observer/filing/0001104659-24-128984.md","text":"https://secwatch.observer/filing/0001104659-24-128984.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1815903/000110465924128984/0001104659-24-128984-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1815903/000110465924128984/tm2431088d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-29T03:04:21.647748+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}