{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-25-100620","form_type":"8-K","ticker":"KALA","cik":"0001479419","company_name":"KALA BIO, Inc.","filed_at":"2025-10-20T23:59:59+00:00","discovered_at":"2026-05-14T18:02:39.494949+00:00","generated_at":"2026-05-17T03:12:57.916531+00:00","sec_items":["2.05","5.02","8.01"],"event_type":"other_material","sentiment":"negative","materiality_score":1.0,"confidence":"high","headline":"KALA BIO faces asset foreclosure by Oxford; CEO terminated, all staff reduced, expects delisting","bullets":["Oxford Finance forecloses on all assets, swept substantially all cash; still owed ~$9.6M.","Board terminated all employees not needed for foreclosure; CEO Todd Bazemore terminated without cause but stays as director/PEO.","Company expects no distributions to stockholders or unsecured creditors after foreclosure.","Company anticipates inability to file future SEC reports and delisting from Nasdaq."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-25-100620","json":"https://secwatch.observer/filing/0001104659-25-100620.json","markdown":"https://secwatch.observer/filing/0001104659-25-100620.md","text":"https://secwatch.observer/filing/0001104659-25-100620.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1479419/000110465925100620/0001104659-25-100620-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1479419/000110465925100620/kala-20251019x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T03:12:57.916531+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"}