{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-25-003863","form_type":"8-K","ticker":"MUX","cik":"0000314203","company_name":"McEwen Inc.","filed_at":"2025-02-11T23:59:59+00:00","discovered_at":"2026-05-14T18:03:05.938290+00:00","generated_at":"2026-05-26T23:35:40.847586+00:00","sec_items":["1.01","2.03","3.02","8.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"McEwen Mining issues $110M of 5.25% convertible notes due 2030; conversion price $11.25","bullets":["Principal amount of $110M includes $15M full exercise of initial purchasers' option; net proceeds ~$105.9M.","Notes bear 5.25% interest semi-annually; mature August 15, 2030; convertible into cash or common stock at company's election.","Initial conversion rate of 88.9284 shares per $1,000 principal (conversion price ~$11.25), representing ~30% premium over $8.65 close.","Capped call transactions purchased for ~$15.1M reduce potential dilution; cap price $17.30 per share.","Proceeds used to repay ~$20M of existing credit agreement debt, pay capped call cost, and for general corporate purposes."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-25-003863","json":"https://secwatch.observer/filing/0001140361-25-003863.json","markdown":"https://secwatch.observer/filing/0001140361-25-003863.md","text":"https://secwatch.observer/filing/0001140361-25-003863.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/314203/000114036125003863/0001140361-25-003863-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/314203/000114036125003863/ef20043276_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-26T23:35:40.847586+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":"5d371875923aa3a0ef69f543667191e4c56f8f7c","claim":"McEwen Inc. incurred convertible notes of $110.0 million with U.S. Bank National Association at 5.25% per year maturing August 15, 2030.","evidence_excerpt":"On February 11, 2025, McEwen Mining Inc. (the “Company”) issued $110.0 million in aggregate principal amount of its 5.25% convertible senior notes due 2030 (the “Notes”), which amount includes the exercise in full of the $15.0 million option granted to the Initial Purchasers (as defined below) of the Notes, in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/314203/000114036125003863/0001140361-25-003863-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"$110.0 million"},{"label":"Counterparty","value":"U.S. Bank National Association"},{"label":"Rate","value":"5.25% per year"},{"label":"Maturity","value":"August 15, 2030"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}