{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-22-024892","form_type":"8-K","ticker":"OBIO","cik":"0001814114","company_name":"Orchestra BioMed Holdings, Inc.","filed_at":"2022-07-05T23:59:59+00:00","discovered_at":"2026-05-14T18:03:57.138404+00:00","generated_at":"2026-06-24T21:25:17.274548+00:00","sec_items":["1.01","3.02","7.01","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"HSAC2 (HSAQ) enters SPAC merger with Orchestra BioMed; $20M forward purchase agreements, $60M cash condition","bullets":["Orchestra stockholders receive 0.465 HSAC2 shares per share; earnout up to 8M additional shares at $15/$20 VWAP milestones.","RTW Funds and Medtronic affiliate each commit $10M in forward purchases; RTW also backstops to meet $60M minimum cash condition.","Minimum $60M cash at closing required; sponsor forfeits 1M shares and 750K warrants subject to earnout and lock-up conditions.","Post-closing company renamed Orchestra BioMed Holdings; board will consist of existing Orchestra directors.","Outside closing date February 6, 2023; deal requires shareholder and regulatory approvals."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-22-024892","json":"https://secwatch.observer/filing/0001140361-22-024892.json","markdown":"https://secwatch.observer/filing/0001140361-22-024892.md","text":"https://secwatch.observer/filing/0001140361-22-024892.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1814114/000114036122024892/0001140361-22-024892-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1814114/000114036122024892/ny20004465x4_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-24T21:25:17.274548+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"}