{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-25-046104","form_type":"8-K","ticker":null,"cik":"0000727207","company_name":"Accelerate Diagnostics, Inc","filed_at":"2025-05-08T23:59:59+00:00","discovered_at":"2026-05-14T18:02:51.116581+00:00","generated_at":"2026-05-22T06:01:54.093308+00:00","sec_items":["1.01","1.03","2.03","2.04","7.01","2.02","8.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"Accelerate Diagnostics files Chapter 11; Indaba to acquire assets via $36.9M credit bid","bullets":["Filed voluntary Chapter 11 petitions in Delaware Bankruptcy Court on May 8, 2025.","Secured $12.5M multi-draw DIP financing commitment from Indaba Capital, pending court approval.","Stalking horse bid: Indaba to buy substantially all assets via $36.9M credit bid of its secured notes plus assumed liabilities.","Sale subject to Section 363 auction process with court-approved bidding procedures; competing bids solicited.","Company cautions common stock holders expect significant or complete loss on investment."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-25-046104","json":"https://secwatch.observer/filing/0001104659-25-046104.json","markdown":"https://secwatch.observer/filing/0001104659-25-046104.md","text":"https://secwatch.observer/filing/0001104659-25-046104.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/727207/000110465925046104/0001104659-25-046104-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/727207/000110465925046104/tm2514448d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-22T06:01:54.093308+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":"9842259976dc425f490b525990ba5beb7a4d02bd","claim":"Accelerate Diagnostics, Inc faced acceleration on senior notes of 16.00% Super Priority Senior Secured PIK Notes due December 31, 2025 with U.S. Bank Trust Company, National Association at 16.00% maturing December 31, 2025.","evidence_excerpt":"The filing of the Bankruptcy Petitions described in Item 1.03 above constitutes an event of default that accelerated the Company’s obligations under the following debt instruments (the “ Debt Instruments ”): · Indenture, dated as of August 8, 2024, by and among the Company, as issuer, and U.S. Bank Trust Company, National Association, as Trustee, governing the 16.00% Super Priority Senior Secured PIK Notes due December 31, 2025; and · Indenture, dated as of June 9, 2023, by and among the Company, as issuer, and U.S. Bank Trust Company, National Association, as trustee and collateral agent, governing the 5.00% Senior Secured Convertible Notes due December 15, 2026.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/727207/000110465925046104/0001104659-25-046104-index.htm","confidence":1.0,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"16.00% Super Priority Senior Secured PIK Notes due December 31, 2025"},{"label":"Counterparty","value":"U.S. Bank Trust Company, National Association"},{"label":"Rate","value":"16.00%"},{"label":"Maturity","value":"December 31, 2025"},{"label":"Event","value":"acceleration"}],"fact_type":"debt_financing"},{"claim_id":"cbbfac1c0d6fa663e71df99016f521555d90109a","claim":"Accelerate Diagnostics, Inc faced acceleration on convertible notes of 5.00% Senior Secured Convertible Notes due December 15, 2026 with U.S. Bank Trust Company, National Association at 5.00% maturing December 15, 2026.","evidence_excerpt":"The filing of the Bankruptcy Petitions described in Item 1.03 above constitutes an event of default that accelerated the Company’s obligations under the following debt instruments (the “ Debt Instruments ”): · Indenture, dated as of August 8, 2024, by and among the Company, as issuer, and U.S. Bank Trust Company, National Association, as Trustee, governing the 16.00% Super Priority Senior Secured PIK Notes due December 31, 2025; and · Indenture, dated as of June 9, 2023, by and among the Company, as issuer, and U.S. Bank Trust Company, National Association, as trustee and collateral agent, governing the 5.00% Senior Secured Convertible Notes due December 15, 2026.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/727207/000110465925046104/0001104659-25-046104-index.htm","confidence":1.0,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"5.00% Senior Secured Convertible Notes due December 15, 2026"},{"label":"Counterparty","value":"U.S. Bank Trust Company, National Association"},{"label":"Rate","value":"5.00%"},{"label":"Maturity","value":"December 15, 2026"},{"label":"Event","value":"acceleration"}],"fact_type":"debt_financing"},{"claim_id":"6f628d56ae973c32debf946bfc24edff0b1374de","claim":"Accelerate Diagnostics, Inc entered chapter 11 in United States Bankruptcy Court for the District of Delaware (petition 2025-05-08).","evidence_excerpt":"on May 8, 2025 (the “ Petition Date ”), Accelerate Diagnostics, Inc. (the “ Company ”) and its US subsidiary, Accelerate Diagnostics Texas, LLC (collectively, with the Company, the “ Debtors ”), filed voluntary petitions for relief (the “ Bankruptcy Petitions ”) under Chapter 11 of the United States Code (the “ Bankruptcy Code ”) in the United States Bankruptcy Court for the District of Delaware","evidence_source":"SEC 8-K Item 1.03","evidence_url":"https://www.sec.gov/Archives/edgar/data/727207/000110465925046104/0001104659-25-046104-index.htm","confidence":0.9,"family_label":"Distress & Bankruptcy","details":[{"label":"Proceeding","value":"chapter 11"},{"label":"Court","value":"United States Bankruptcy Court for the District of Delaware"},{"label":"Petition","value":"2025-05-08"}],"fact_type":"distress_event"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}