{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-22-043474","form_type":"8-K","ticker":null,"cik":"0001719395","company_name":"Eargo, Inc.","filed_at":"2022-11-29T23:59:59+00:00","discovered_at":"2026-05-14T18:03:51.873419+00:00","generated_at":"2026-06-21T12:20:41.096015+00:00","sec_items":["2.04","3.02","5.01","7.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Patient Square Capital becomes majority owner of Eargo with 76.3% stake after notes conversion and rights offering","bullets":["Patient Square now holds ~316.4M shares (76.3% of outstanding common stock) after converting ~$105.5M in notes.","Rights offering raised ~$29.3M gross from stockholders; total net proceeds ~$32.3M including Patient Square's additional $5.5M.","Company has no debt for borrowed money outstanding following note conversion; proceeds earmarked for working capital and omni-channel growth.","Conversion of notes and rights offering issued 375M new shares; Patient Square's ownership triggers board nomination rights proportional to stake."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-22-043474","json":"https://secwatch.observer/filing/0001140361-22-043474.json","markdown":"https://secwatch.observer/filing/0001140361-22-043474.md","text":"https://secwatch.observer/filing/0001140361-22-043474.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1719395/000114036122043474/0001140361-22-043474-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1719395/000114036122043474/brhc10044790_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-21T12:20:41.096015+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":"a790d0961d08189ce70bc75f06f846ca1a83378f","claim":"Eargo, Inc. underwent a change of control involving Patient Square Capital (closed 2022-11-29).","evidence_excerpt":"subsidiaries, noteholders affiliated with Patient Square Capital (the “Noteholders”) and Drivetrain Agency Services, LLC, as administrative agent and collateral agent, an aggregate of approximately $105.5 million of senior secured convertible notes","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1719395/000114036122043474/0001140361-22-043474-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"change of control"},{"label":"Counterparty","value":"Patient Square Capital"},{"label":"Closing","value":"2022-11-29"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}