{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-25-105047","form_type":"8-K","ticker":"CWD","cik":"0001627282","company_name":"CaliberCos Inc.","filed_at":"2025-11-03T23:59:59+00:00","discovered_at":"2026-05-14T18:02:39.974029+00:00","generated_at":"2026-05-17T00:53:42.722263+00:00","sec_items":["1.01","3.02","7.01","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.65,"confidence":"high","headline":"Caliber launches note conversion program; first $1.9M tranche eliminates $211K annual interest","bullets":["Program allows voluntary conversion of unsecured notes into Class A common stock; each tranche capped at $3M.","First tranche converted $1,897,505 principal into 561,747 shares at avg $3.43/sh; avg interest rate 11.1%.","Conversion eliminates ~$211,090 annual interest expense; strengthens balance sheet and reduces leverage.","Management may open additional rounds until all noteholders have participated.","CEO cites increased financial flexibility as Caliber targets profitability in 2026."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-25-105047","json":"https://secwatch.observer/filing/0001104659-25-105047.json","markdown":"https://secwatch.observer/filing/0001104659-25-105047.md","text":"https://secwatch.observer/filing/0001104659-25-105047.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1627282/000110465925105047/0001104659-25-105047-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1627282/000110465925105047/tm2529978d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T00:53:42.722263+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"}