{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-25-029376","form_type":"8-K","ticker":"BPTH","cik":"0001133818","company_name":"BIO-PATH HOLDINGS, INC.","filed_at":"2025-03-28T23:59:59+00:00","discovered_at":"2026-05-14T18:03:03.012881+00:00","generated_at":"2026-05-24T02:54:39.648130+00:00","sec_items":["1.01","2.03","3.02","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Bio-Path issues $100K promissory note with default conversion at 65% of bid price","bullets":["Net proceeds of $87,000 after $13,050 original issue discount; note principal $100,050.","12% interest; payments begin Sep 30, 2025 ($56,028), then four monthly $14,007 payments.","On default, note payable at 150% of outstanding plus 22% default interest.","Upon default, lender may convert to common at 65% of lowest closing bid over prior 10 trading days.","Company had 8,308,007 shares outstanding; conversion shares unregistered under Reg D."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-25-029376","json":"https://secwatch.observer/filing/0001104659-25-029376.json","markdown":"https://secwatch.observer/filing/0001104659-25-029376.md","text":"https://secwatch.observer/filing/0001104659-25-029376.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1133818/000110465925029376/0001104659-25-029376-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1133818/000110465925029376/tm2510724d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-24T02:54:39.648130+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":"faa0b2245068638df3847306ae01de6a27863996","claim":"BIO-PATH HOLDINGS, INC. incurred debt of $100,050 with 1800 Diagonal Lending LLC at twelve percent.","evidence_excerpt":"Lending LLC, a Virginia limited liability company (the “Lender”), an accredited investor, for the issuance and sale of a promissory note in the aggregate principal amount of $100,050 (the “Note”) for a purchase price of $87,000 after deducting the original issue discount of $13,050. The Note bears a one-time interest charge of twelve percent that is applied on","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1133818/000110465925029376/0001104659-25-029376-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Principal","value":"$100,050"},{"label":"Counterparty","value":"1800 Diagonal Lending LLC"},{"label":"Rate","value":"twelve percent"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}