{"schema_version":"secwatch.filing_event.v1","accession":"0001133311-22-000038","form_type":"8-K","ticker":"TZOO","cik":"0001133311","company_name":"TRAVELZOO","filed_at":"2022-11-25T23:59:59+00:00","discovered_at":"2026-05-14T18:03:49.708082+00:00","generated_at":"2026-06-21T12:58:38.402599+00:00","sec_items":["1.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"Travelzoo to issue 3.41M shares to largest shareholder for $10M cash/note and Metaverse subsidiary; will own 50.01%","bullets":["Issues 3,410,000 shares to Azzurro Capital at $5.88/share in exchange for $10M (cash or note with $2M min cash) and all equity of MTE.","Post-closing, Azzurro and affiliates will own 50.01% of Travelzoo; deal requires shareholder approval, expected close Dec 28, 2022.","MTE runs a metaverse scouting business with significant NOLs; will be absorbed into Travelzoo after closing.","Ralph Bartel to resign as director and Chairman while the promissory note remains outstanding.","Price adjustable if TZOO stock moves 10%+ from $5.88 for 15 consecutive days before close."],"urls":{"canonical":"https://secwatch.observer/filing/0001133311-22-000038","json":"https://secwatch.observer/filing/0001133311-22-000038.json","markdown":"https://secwatch.observer/filing/0001133311-22-000038.md","text":"https://secwatch.observer/filing/0001133311-22-000038.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1133311/000113331122000038/0001133311-22-000038-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1133311/000113331122000038/tzoo-20221125.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-21T12:58:38.402599+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":"8c7dd488c9dd707bcf01b583b27b94bf7b9b2123","claim":"TRAVELZOO entered into Stock Purchase Agreement with Azzurro Capital Inc. valued at $10,000,000 (effective 2022-11-25).","evidence_excerpt":"On November 25, 2022, Travelzoo, a Delaware corporation (the “Company”), as Seller, entered into a Stock Purchase Agreement (together with its exhibits and schedules, the “SPA”) with Azzurro Capital Inc., a company organized under the laws of the Cayman Islands (the “Investor”), as Purchaser.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1133311/000113331122000038/0001133311-22-000038-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"Azzurro Capital Inc."},{"label":"Value","value":"$10,000,000"},{"label":"Effective","value":"2022-11-25"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}