{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-26-024668","form_type":"8-K","ticker":null,"cik":"0001733443","company_name":"5&2 Studios, Inc.","filed_at":"2026-03-06T23:59:59+00:00","discovered_at":"2026-05-14T18:02:36.028288+00:00","generated_at":"2026-05-15T18:49:45.632842+00:00","sec_items":["1.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"5&2 Studios enters $24.7M advance agreement to fund fractional shares in proposed reverse stock split","bullets":["Advance from Come and See Foundation up to ~$24.7M to pay cash in lieu of fractional shares from 1-for-173,750 reverse stock split.","Interest rate ~7.25% p.a., increasing to 9.25% if Asset Purchase Agreement conditions not met by July 31, 2027.","Advance secured by Company's rights to certain programming, including 'The Chosen'.","Advance plus interest offset against Season 7 payments from CAS; any shortfall to be repaid by Company on demand.","Funding conditional on reverse stock split approval by majority of unaffiliated shareholders."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-26-024668","json":"https://secwatch.observer/filing/0001104659-26-024668.json","markdown":"https://secwatch.observer/filing/0001104659-26-024668.md","text":"https://secwatch.observer/filing/0001104659-26-024668.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1733443/000110465926024668/0001104659-26-024668-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1733443/000110465926024668/tm268190d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T18:49:45.632842+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":"87435a7bc66d625a268bbc081885b78b766a37d1","claim":"5&2 Studios, Inc. entered into Vendor Advance Agreement with Come and See Foundation, Inc. (\"CAS\") valued at up to approximately $24.7 million (effective 2026-03-02).","evidence_excerpt":"the Company entered into a Vendor Advance Agreement (the “Vendor Advance Agreement”) with Come and See Foundation, Inc. (“CAS”) on March 2, 2026","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1733443/000110465926024668/0001104659-26-024668-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Come and See Foundation, Inc. (\"CAS\")"},{"label":"Value","value":"up to approximately $24.7 million"},{"label":"Effective","value":"2026-03-02"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}