{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-25-100488","form_type":"8-K","ticker":"PRAX","cik":"0001689548","company_name":"Praxis Precision Medicines, Inc.","filed_at":"2025-10-20T23:59:59+00:00","discovered_at":"2026-05-14T18:02:40.150425+00:00","generated_at":"2026-05-17T03:15:07.360593+00:00","sec_items":["8.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Praxis Precision Medicines raises ~$567M in underwritten public offering of common stock and pre-funded warrants","bullets":["Offering of 3,025,480 shares at $157.00 and 318,470 pre-funded warrants at $156.9999 per underlying share.","Underwriters fully exercised option for 501,592 additional shares; total net proceeds expected ~$567M.","Net proceeds to fund R&D, commercialization prep, and working capital; expected to fund operations into 2028.","Pre-funded warrants exercisable immediately with 4.99% beneficial ownership limitation (adjustable up to 19.99%).","Closing expected October 20, 2025; shares listed on Nasdaq (PRAX); pre-funded warrants not listed."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-25-100488","json":"https://secwatch.observer/filing/0001104659-25-100488.json","markdown":"https://secwatch.observer/filing/0001104659-25-100488.md","text":"https://secwatch.observer/filing/0001104659-25-100488.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1689548/000110465925100488/0001104659-25-100488-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1689548/000110465925100488/tm2528989d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T03:15:07.360593+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"}