{"schema_version":"secwatch.filing_event.v1","accession":"0001171843-24-001961","form_type":"8-K","ticker":"SLSN","cik":"0000883107","company_name":"SOLESENCE, INC.","filed_at":"2024-04-11T23:59:59+00:00","discovered_at":"2026-05-14T18:03:22.283600+00:00","generated_at":"2026-06-04T00:16:26.601411+00:00","sec_items":["1.01","7.01","9.01","8.01"],"event_type":"litigation","sentiment":"positive","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Nanophase settles BASF exclusivity litigation, amends supply agreement","bullets":["Mutual release of all claims in BASF v. Nanophase (NJ Super. Ct. MRS-L-1396-22); case dismissed with prejudice.","Amendment No. 5 clarifies exclusivity: BASF retains field exclusivity for zinc oxide, but Nanophase and Solésence can sell finished products and certain dispersions.","Binding MOU commits Nanophase to develop a modified zinc oxide product for BASF's exclusive purchase (commercially reasonable efforts).","Parties covenant not to sue on settled claims, agree to non-disparagement and confidentiality (subject to SEC disclosure).","Management expects continued growth in API and Solésence finished products with legal uncertainty resolved."],"urls":{"canonical":"https://secwatch.observer/filing/0001171843-24-001961","json":"https://secwatch.observer/filing/0001171843-24-001961.json","markdown":"https://secwatch.observer/filing/0001171843-24-001961.md","text":"https://secwatch.observer/filing/0001171843-24-001961.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/883107/000117184324001961/0001171843-24-001961-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/883107/000117184324001961/f8k_041124.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T00:16:26.601411+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":"3d445f3bd60b80b65711bd7cc2959b0e94fca670","claim":"SOLESENCE, INC. amended Amendment No. 5 to Zinc Oxide Supply Agreement with BASF Corporation valued at Amendment No. 5 to Zinc Oxide Supply Agreement, dated as of September 16, 1999, as amended, and Bind (effective 2024-04-10).","evidence_excerpt":"on April 10, 2024, Nanophase Technologies Corporation (“Nanophase”) and BASF Corporation (“BASF”) entered into an Amendment No. 5 (the “Amendment”) to Zinc Oxide Supply Agreement, dated as of September 16, 1999, as amended (the “Agreement”), and a Binding Memorandum of Understanding regarding Nanophase using its commercially reasonable efforts to develop a modified zinc oxide product for BASF’s exclusive purchase under the Agreement (the “Modified Product MOU”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/883107/000117184324001961/0001171843-24-001961-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"supply"},{"label":"Counterparty","value":"BASF Corporation"},{"label":"Value","value":"Amendment No. 5 to Zinc Oxide Supply Agreement, dated as of September 16, 1999, as amended, and Bind"},{"label":"Effective","value":"2024-04-10"}],"fact_type":"material_agreement"},{"claim_id":"a8bdbeef2bcbc03289fd9aa8ef142e34ae1f752a","claim":"SOLESENCE, INC. entered into Binding Memorandum of Understanding with BASF Corporation valued at Binding Memorandum of Understanding regarding Nanophase developing modified zinc oxide product for B (effective 2024-04-10).","evidence_excerpt":"on April 10, 2024, Nanophase Technologies Corporation (“Nanophase”) and BASF Corporation (“BASF”) entered into an Amendment No. 5 (the “Amendment”) to Zinc Oxide Supply Agreement, dated as of September 16, 1999, as amended (the “Agreement”), and a Binding Memorandum of Understanding regarding Nanophase using its commercially reasonable efforts to develop a modified zinc oxide product for BASF’s exclusive purchase under the Agreement (the “Modified Product MOU”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/883107/000117184324001961/0001171843-24-001961-index.htm","confidence":0.85,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"supply"},{"label":"Counterparty","value":"BASF Corporation"},{"label":"Value","value":"Binding Memorandum of Understanding regarding Nanophase developing modified zinc oxide product for B"},{"label":"Effective","value":"2024-04-10"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}