{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-25-026120","form_type":"8-K","ticker":"HYPD","cik":"0001682639","company_name":"HYPERION DEFI, INC.","filed_at":"2025-03-20T23:59:59+00:00","discovered_at":"2026-05-14T18:03:04.433429+00:00","generated_at":"2026-05-24T10:21:44.711095+00:00","sec_items":["2.02","8.01","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Eyenovia enters non-binding LOI for reverse merger with Betaliq; EYEN holders to own ~16.3%","bullets":["Reverse merger: Betaliq stockholders would own ~83.7% of combined company; Eyenovia holders ~16.3% on fully diluted basis.","Betaliq valued at ~$77M, Eyenovia at ~$15M (net cash zero at close); Eyenovia had $2.1M cash as of Dec 31, 2024.","Exclusivity period ends May 16, 2025; conditions include due diligence, definitive agreement, board approvals, and financing.","Combined company would continue marketing Eyenovia's FDA-approved products and leverage EyeSol+Optejet technologies.","Eyenovia expects to change name to Betaliq and update trading symbol; no assurance deal will close."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-25-026120","json":"https://secwatch.observer/filing/0001104659-25-026120.json","markdown":"https://secwatch.observer/filing/0001104659-25-026120.md","text":"https://secwatch.observer/filing/0001104659-25-026120.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1682639/000110465925026120/0001104659-25-026120-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1682639/000110465925026120/tm259898d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-24T10:21:44.711095+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"}