{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-25-087865","form_type":"8-K","ticker":"PRAX","cik":"0001689548","company_name":"Praxis Precision Medicines, Inc.","filed_at":"2025-09-05T23:59:59+00:00","discovered_at":"2026-05-14T18:02:44.661266+00:00","generated_at":"2026-05-17T07:59:04.957443+00:00","sec_items":["8.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Praxis terminates $250M Jefferies ATM, enters new $250M ATM with TD Cowen","bullets":["Terminated 2024 Sales Agreement with Jefferies effective Sept 2, 2025; no penalties.","Previously sold 1,368,176 shares for ~$86.2M gross proceeds under that agreement.","Entered new 2025 Sales Agreement with TD Cowen for up to $250M in at-the-market offerings.","TD Cowen will receive a commission of up to 3.0% of gross proceeds from sales.","New ATM will be made under existing S-3ASR registration statement."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-25-087865","json":"https://secwatch.observer/filing/0001104659-25-087865.json","markdown":"https://secwatch.observer/filing/0001104659-25-087865.md","text":"https://secwatch.observer/filing/0001104659-25-087865.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1689548/000110465925087865/0001104659-25-087865-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1689548/000110465925087865/tm2525240d2_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T07:59:04.957443+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"}