{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-25-002898","form_type":"8-K","ticker":"CTSO","cik":"0001175151","company_name":"Cytosorbents Corp","filed_at":"2025-01-13T23:59:59+00:00","discovered_at":"2026-05-14T18:03:03.088855+00:00","generated_at":"2026-05-28T02:48:39.123159+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"CytoSorbents closes oversubscribed rights offering, raises $6.25M, unlocks $5M restricted cash","bullets":["Rights offering raised $6.25M gross from all 6.25M Units; oversubscribed 68% with 10.5M Units demanded.","Proceeds satisfy debt covenant, releasing $5.0M of restricted cash; net liquidity increase ~$10.8M.","Preliminary unaudited cash (incl. restricted) at Dec 31, 2024: $9.6M; pro forma $15.4M unrestricted $13.9M.","Q4 2024 cash burn est. $2.6M vs Q3 $2.7M; full audited results expected March 6, 2025.","Right Warrants exercisable at 90% of VWAP; Series A floor $1.00 cap $2.00, Series B floor $2.00 cap $4.00."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-25-002898","json":"https://secwatch.observer/filing/0001104659-25-002898.json","markdown":"https://secwatch.observer/filing/0001104659-25-002898.md","text":"https://secwatch.observer/filing/0001104659-25-002898.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1175151/000110465925002898/0001104659-25-002898-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1175151/000110465925002898/tm253092d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-28T02:48:39.123159+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"}