{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-26-080501","form_type":"8-K","ticker":"BTAI","cik":"0001720893","company_name":"BioXcel Therapeutics, Inc.","filed_at":"2026-07-06T10:00:41+00:00","discovered_at":"2026-07-06T10:05:00.295899+00:00","generated_at":"2026-07-06T10:05:28.319429+00:00","sec_items":["1.01","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"BioXcel Therapeutics enters Tenth Amendment with Oaktree; defers principal, reduces liquidity covenant to $7.5M","bullets":["Payment of $9,016,914.47 (principal and interest) deferred from June 30 to July 31, 2026.","Minimum liquidity covenant reduced from $12.5M to $7.5M.","Company must enter definitive agreements by July 31, 2026 for a transaction to repay all obligations or alternative capital solutions.","Strategic Process Committee established with David Mack to oversee restructuring, sale, or bankruptcy filing.","Additional negative covenants, weekly lender meetings, and bi-weekly cash flow budgets imposed."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-26-080501","json":"https://secwatch.observer/filing/0001104659-26-080501.json","markdown":"https://secwatch.observer/filing/0001104659-26-080501.md","text":"https://secwatch.observer/filing/0001104659-26-080501.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1720893/000110465926080501/0001104659-26-080501-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1720893/000110465926080501/tm2619779d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-07-06T10:05:28.319429+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"}