{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-25-041256","form_type":"8-K","ticker":"BPTH","cik":"0001133818","company_name":"BIO-PATH HOLDINGS, INC.","filed_at":"2025-04-29T23:59:59+00:00","discovered_at":"2026-05-14T18:02:47.620288+00:00","generated_at":"2026-05-23T03:26:16.587934+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 $161K promissory note to Quick Capital; default-conversion at 65% of low bid","bullets":["Principal $161K, purchase price $140K after $21K original issue discount.","12% one-time interest; five payments from Oct 2025 to Feb 2026 ($90,160 first, then $22,540 each).","Upon default, conversion at 65% of lowest closing bid price over 10 prior trading days; default penalty 150% plus 22% interest.","Unregistered sale under Rule 506(b) / Section 4(a)(2); use of proceeds for working capital."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-25-041256","json":"https://secwatch.observer/filing/0001104659-25-041256.json","markdown":"https://secwatch.observer/filing/0001104659-25-041256.md","text":"https://secwatch.observer/filing/0001104659-25-041256.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1133818/000110465925041256/0001104659-25-041256-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1133818/000110465925041256/tm2513536d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-23T03:26:16.587934+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":"37b42de8e97d2e56ddc335e765c1e4b24bb07e73","claim":"BIO-PATH HOLDINGS, INC. incurred loan of $161,000 with Quick Capital, LLC at twelve percent.","evidence_excerpt":"On April 28, 2025, Bio-Path Holdings, Inc. (the “Company”) entered into a securities purchase agreement (the “Purchase Agreement”) with Quick Capital, LLC, a Wyoming limited liability company (the “Lender”), an accredited investor, for the issuance and sale of a promissory note in the aggregate principal amount of $161,000","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1133818/000110465925041256/0001104659-25-041256-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"$161,000"},{"label":"Counterparty","value":"Quick Capital, 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"}