{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-25-096047","form_type":"8-K","ticker":"TOVX","cik":"0000894158","company_name":"Theriva Biologics, Inc.","filed_at":"2025-10-02T23:59:59+00:00","discovered_at":"2026-05-14T18:02:42.516692+00:00","generated_at":"2026-05-17T05:00:44.467323+00:00","sec_items":["2.05","9.01"],"event_type":"other","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Theriva Biologics cuts 32% of workforce, expects $520K severance costs, extends cash runway into Q2 2026","bullets":["Board approved restructuring plan to focus on business development and VCN-01 clinical trials for PDAC and retinoblastoma.","Workforce reduction of ~7 employees (32% of global workforce) implemented September 30, 2025.","Estimated $520K in cash severance and benefits charges in Q4 2025; expects ~$2M annual compensation savings.","Cash runway extended into Q2 2026 due to cost reductions and anticipated operating savings."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-25-096047","json":"https://secwatch.observer/filing/0001104659-25-096047.json","markdown":"https://secwatch.observer/filing/0001104659-25-096047.md","text":"https://secwatch.observer/filing/0001104659-25-096047.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/894158/000110465925096047/0001104659-25-096047-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/894158/000110465925096047/tm2527561d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T05:00:44.467323+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":"4c62e1e733757f342ca395801422ff8bd8df458e","claim":"Theriva Biologics, Inc. announced a restructuring with charges of approximately $520,000 affecting global Company workforce (approximately seven employees or 32% of the current global Company workforce).","evidence_excerpt":"its best opportunity for success. The Company expects to substantially complete the employee reduction immediately and estimates that it will incur a total of approximately $520,000 in charges in connection with the workforce reduction, all of which is expected to be incurred in the fourth quarter of 2025. These charges consist primarily of cash severance and","evidence_source":"SEC 8-K Item 2.05/2.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/894158/000110465925096047/0001104659-25-096047-index.htm","confidence":0.9}],"comparable_filings":[{"accession":"0001171843-26-003196","ticker":"SSM","company_name":"Sono Group N.V.","filed_at":"2026-05-08T23:59:59+00:00","headline":"Sono Group exits solar: sells Sono Motors and €10.5M loan to management for €1 each","event_type":"m_and_a","sec_items":["2.05","1.01","2.01","8.01","9.01"],"materiality_score":0.75,"calibrated_materiality_score":0.75,"match_reasons":["same fact type: restructuring_charge","same SEC item: 2.05, 9.01","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001171843-26-003196","json":"https://secwatch.observer/filing/0001171843-26-003196.json","markdown":"https://secwatch.observer/filing/0001171843-26-003196.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1840416/000117184326003196/0001171843-26-003196-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1840416/000117184326003196/f8ka_050826.htm"},"side_by_side_evidence":{"fact_type":"restructuring_charge","source_excerpt":"its best opportunity for success. The\nCompany expects to substantially complete the employee reduction immediately and estimates that it will incur a total of approximately\n$520,000 in charges in connection with the workforce reduction, all of which is expected to be incurred in the fourth quarter of 2025.\nThese charges consist primarily of cash severance and","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/894158/000110465925096047/0001104659-25-096047-index.htm","comparable_excerpt":"the formal transfer of its now former subsidiary Sono Motors GmbH (\"Sono Motors\") to companies controlled by Sono Motors' own management team. The transaction closed and took legal effect on May 4, 2026, bringing to a close the solar exit the Company announced in March.","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1840416/000117184326003196/0001171843-26-003196-index.htm"}},{"accession":"0001627475-26-000033","ticker":"UPWK","company_name":"UPWORK, INC","filed_at":"2026-05-07T23:59:59+00:00","headline":"Upwork Q1 net income down 17% to $31.5M; announces 24% workforce reduction; raises FY2026 adj EBITDA guidance","event_type":"earnings","sec_items":["2.02","2.05","7.01","9.01"],"materiality_score":0.75,"calibrated_materiality_score":0.75,"match_reasons":["same fact type: restructuring_charge","same SEC item: 2.05, 9.01","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001627475-26-000033","json":"https://secwatch.observer/filing/0001627475-26-000033.json","markdown":"https://secwatch.observer/filing/0001627475-26-000033.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1627475/000162747526000033/0001627475-26-000033-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1627475/000162747526000033/upwork-20260507.htm"},"side_by_side_evidence":{"fact_type":"restructuring_charge","source_excerpt":"its best opportunity for success. The\nCompany expects to substantially complete the employee reduction immediately and estimates that it will incur a total of approximately\n$520,000 in charges in connection with the workforce reduction, all of which is expected to be incurred in the fourth quarter of 2025.\nThese charges consist primarily of cash severance and","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/894158/000110465925096047/0001104659-25-096047-index.htm","comparable_excerpt":"of the Restructuring Plan to be substantially complete in the fourth quarter of 2026. In connection with these actions, the Company estimates that it will incur approximately $16 million to $23 million in pre-tax restructuring charges to its GAAP financial results, consisting primarily of severance and other one-time termination costs for the Company’s impacted","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1627475/000162747526000033/0001627475-26-000033-index.htm"}},{"accession":"0001104659-26-055902","ticker":"KD","company_name":"Kyndryl Holdings, Inc.","filed_at":"2026-05-06T23:59:59+00:00","headline":"Kyndryl reports FY2026 results and $200M workforce rebalancing; FY2027 adj pretax guidance $600-700M","event_type":"earnings","sec_items":["2.02","2.05","9.01"],"materiality_score":0.7,"calibrated_materiality_score":0.7,"match_reasons":["same fact type: restructuring_charge","same SEC item: 2.05, 9.01","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-26-055902","json":"https://secwatch.observer/filing/0001104659-26-055902.json","markdown":"https://secwatch.observer/filing/0001104659-26-055902.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1867072/000110465926055902/0001104659-26-055902-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1867072/000110465926055902/kd-20260505x8k.htm"},"side_by_side_evidence":{"fact_type":"restructuring_charge","source_excerpt":"its best opportunity for success. The\nCompany expects to substantially complete the employee reduction immediately and estimates that it will incur a total of approximately\n$520,000 in charges in connection with the workforce reduction, all of which is expected to be incurred in the fourth quarter of 2025.\nThese charges consist primarily of cash severance and","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/894158/000110465925096047/0001104659-25-096047-index.htm","comparable_excerpt":"The Company estimates that it will incur workforce rebalancing charges of approximately $200 million, primarily consisting of future cash expenditures for severance and related benefits.","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1867072/000110465926055902/0001104659-26-055902-index.htm"}},{"accession":"0001213900-26-052921","ticker":"AIRE","company_name":"reAlpha Tech Corp.","filed_at":"2026-05-06T23:59:59+00:00","headline":"reAlpha cuts workforce 25%, targets $2M annual savings in restructuring","event_type":"other_material","sec_items":["2.05","7.01","9.01"],"materiality_score":0.6,"calibrated_materiality_score":0.6,"match_reasons":["same fact type: restructuring_charge","same SEC item: 2.05, 9.01","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-26-052921","json":"https://secwatch.observer/filing/0001213900-26-052921.json","markdown":"https://secwatch.observer/filing/0001213900-26-052921.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1859199/000121390026052921/0001213900-26-052921-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1859199/000121390026052921/ea0289539-8k_realpha.htm"},"side_by_side_evidence":{"fact_type":"restructuring_charge","source_excerpt":"its best opportunity for success. The\nCompany expects to substantially complete the employee reduction immediately and estimates that it will incur a total of approximately\n$520,000 in charges in connection with the workforce reduction, all of which is expected to be incurred in the fourth quarter of 2025.\nThese charges consist primarily of cash severance and","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/894158/000110465925096047/0001104659-25-096047-index.htm","comparable_excerpt":"Plan as well as savings related\nto certain restricted stock units lapsing over the next twelve months. The Company estimates that\nit will incur pre-tax charges in the range of $0.14 million to $0.20 million in connection with the Plan, consisting of approximately\n$0.10 to $0.15 in future cash-based expenditures associated with severance and benefit payments and","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1859199/000121390026052921/0001213900-26-052921-index.htm"}},{"accession":"0001544522-26-000088","ticker":"FRSH","company_name":"Freshworks Inc.","filed_at":"2026-05-05T23:59:59+00:00","headline":"Freshworks Q1 beats with $228.6M revenue (+16% YoY); announces restructuring affecting 11% of workforce","event_type":"earnings","sec_items":["2.02","2.05","9.01"],"materiality_score":0.75,"calibrated_materiality_score":0.75,"match_reasons":["same fact type: restructuring_charge","same SEC item: 2.05, 9.01","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001544522-26-000088","json":"https://secwatch.observer/filing/0001544522-26-000088.json","markdown":"https://secwatch.observer/filing/0001544522-26-000088.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1544522/000154452226000088/0001544522-26-000088-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1544522/000154452226000088/frsh-20260505.htm"},"side_by_side_evidence":{"fact_type":"restructuring_charge","source_excerpt":"its best opportunity for success. The\nCompany expects to substantially complete the employee reduction immediately and estimates that it will incur a total of approximately\n$520,000 in charges in connection with the workforce reduction, all of which is expected to be incurred in the fourth quarter of 2025.\nThese charges consist primarily of cash severance and","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/894158/000110465925096047/0001104659-25-096047-index.htm","comparable_excerpt":"On May 5, 2026, the Company announced a restructuring plan (the “Plan”) to streamline the Company’s organizational efforts and product development process, as well as increase leverage of AI and automation across the business. The Plan is expected to affect approximately 500 employees globally, representing approximately 11% of the Company’s global workforce. In connection with the Plan, the Company currently estimates it will incur a charge of between approximately $7 million and $9 million in the second quarter of 2026, which consists primarily of cash expenditures for severance payments, employee benefits, and related costs.","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1544522/000154452226000088/0001544522-26-000088-index.htm"}},{"accession":"0000021665-26-000022","ticker":"CL","company_name":"COLGATE PALMOLIVE CO","filed_at":"2026-05-01T23:59:59+00:00","headline":"Colgate Q1: net sales +8.4%, organic +2.9%; GAAP EPS $0.80 (-6%), base EPS $0.97 (+7%)","event_type":"earnings","sec_items":["2.02","2.05","9.01"],"materiality_score":0.75,"calibrated_materiality_score":0.75,"match_reasons":["same fact type: restructuring_charge","same SEC item: 2.05, 9.01","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0000021665-26-000022","json":"https://secwatch.observer/filing/0000021665-26-000022.json","markdown":"https://secwatch.observer/filing/0000021665-26-000022.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/21665/000002166526000022/0000021665-26-000022-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/21665/000002166526000022/cl-20260430.htm"},"side_by_side_evidence":{"fact_type":"restructuring_charge","source_excerpt":"its best opportunity for success. The\nCompany expects to substantially complete the employee reduction immediately and estimates that it will incur a total of approximately\n$520,000 in charges in connection with the workforce reduction, all of which is expected to be incurred in the fourth quarter of 2025.\nThese charges consist primarily of cash severance and","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/894158/000110465925096047/0001104659-25-096047-index.htm","comparable_excerpt":"Building on the successful implementation of the Strategic Growth and Productivity Program to date, on April 30, 2026, the Company’s Board approved an expansion of the program to continue to align the Company’s operations to drive future growth and support the Company’s 2030 strategy. The Strategic Growth and Productivity Program is now estimated to result in cumulative pre-tax charges, once all initiatives are approved and implemented, totaling between $350 million and $550 million, increased from $200 million to $300 million. These pretax charges are currently estimated to be comprised of the following: employee-related costs, including severance and other termination benefits (70% to 80%) and asset-related costs and other charges (20% to 30%), which include accelerated depreciation, asset write-offs, contract termination and other exit costs. It is estimated that approximately 80% to 90% of the charges will result in cash expenditures and substantially all charges resulting from the","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/21665/000002166526000022/0000021665-26-000022-index.htm"}},{"accession":"0001193125-26-192362","ticker":"AUTL","company_name":"Autolus Therapeutics plc","filed_at":"2026-04-29T23:59:59+00:00","headline":"Autolus cuts workforce 13%; expects $8M restructuring charge, $15M annualized savings","event_type":"other_material","sec_items":["2.05","7.01","9.01"],"materiality_score":0.65,"calibrated_materiality_score":0.65,"match_reasons":["same fact type: restructuring_charge","same SEC item: 2.05, 9.01","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-192362","json":"https://secwatch.observer/filing/0001193125-26-192362.json","markdown":"https://secwatch.observer/filing/0001193125-26-192362.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1730463/000119312526192362/0001193125-26-192362-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1730463/000119312526192362/d113906d8k.htm"},"side_by_side_evidence":{"fact_type":"restructuring_charge","source_excerpt":"its best opportunity for success. The\nCompany expects to substantially complete the employee reduction immediately and estimates that it will incur a total of approximately\n$520,000 in charges in connection with the workforce reduction, all of which is expected to be incurred in the fourth quarter of 2025.\nThese charges consist primarily of cash severance and","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/894158/000110465925096047/0001104659-25-096047-index.htm","comparable_excerpt":"Item 2.05 Costs Associated with Exit or Disposal Activities. On April 29, 2026, Autolus Therapeutics plc (the “Company”) announced its Board of Directors approved a plan to improve operational efficiency and reduce operating expenses. This plan will implement a reduction in force whereby the Company will eliminate approximately 13% of the Company’s workforce, inclusive of employee-related actions that began in the second half of 2025. The Company anticipates that it will complete the implementation of the plan by the third quarter of 2026. Affected employees will be offered separation benefits, including severance payments and, where applicable, temporary healthcare coverage assistance. The Company estimates that it will incur total expenses relating to the realignment of approximately $8 million, consisting of severance and termination-related costs. The Company expects to record a significant portion of these charges in the first half of 2026.","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1730463/000119312526192362/0001193125-26-192362-index.htm"}},{"accession":"0001104659-26-049837","ticker":"IAC","company_name":"IAC Inc.","filed_at":"2026-04-28T23:59:59+00:00","headline":"IAC announces name change to 'People Incorporated', restructuring with $40M cost savings, and C-suite changes","event_type":"other_material","sec_items":["2.02","7.01","2.05","5.02","9.01"],"materiality_score":0.75,"calibrated_materiality_score":0.75,"match_reasons":["same fact type: restructuring_charge","same SEC item: 2.05, 9.01","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-26-049837","json":"https://secwatch.observer/filing/0001104659-26-049837.json","markdown":"https://secwatch.observer/filing/0001104659-26-049837.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1800227/000110465926049837/0001104659-26-049837-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1800227/000110465926049837/tm2612831d1_8k.htm"},"side_by_side_evidence":{"fact_type":"restructuring_charge","source_excerpt":"its best opportunity for success. The\nCompany expects to substantially complete the employee reduction immediately and estimates that it will incur a total of approximately\n$520,000 in charges in connection with the workforce reduction, all of which is expected to be incurred in the fourth quarter of 2025.\nThese charges consist primarily of cash severance and","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/894158/000110465925096047/0001104659-25-096047-index.htm","comparable_excerpt":"Ahead of its name change to \"People Incorporated\" which is expected to occur with the release of Q2 2026 earnings in August, the Company has initiated a plan to consolidate its corporate functions with those of its People Inc. business (\" People \"), through a reduction in workforce, technology integrations, and other cost-saving measures over the coming quarters (the \" Plan \"). The Plan is expected to generate annual run-rate cost savings of approximately $40 million. The Plan is expected to be completed by Q1 of 2027. The Company expects to incur approximately $14 million in severance and related expenses, $48 million in non-cash stock-based compensation expense and $0.5 million to $1 million in other costs related to the Plan.","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1800227/000110465926049837/0001104659-26-049837-index.htm"}}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}