{"schema_version":"secwatch.filing_event.v1","accession":"0001171843-24-004695","form_type":"8-K","ticker":"PMDI","cik":"0000806517","company_name":"PSYCHEMEDICS CORP","filed_at":"2024-08-12T23:59:59+00:00","discovered_at":"2026-05-14T18:03:15.937924+00:00","generated_at":"2026-05-31T10:14:28.827333+00:00","sec_items":["1.01","3.02","8.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Psychemedics board approves going-private transaction via reverse stock split, cash-out at $2.35/share","bullets":["Reverse stock split at ratio between 1:4,000 and 1:6,000; shares below ratio denominator cashed out at $2.35 each.","Estimated 1.2M shares (21% of outstanding) cashed out, aggregate cost ~$2.8M plus ~$700k expenses.","Company expects annual savings exceeding $900k after terminating SEC reporting and Nasdaq listing.","Stock purchase agreement with 3K/Kamin entities for up to $3.75M at $2.35/share to fund cash-out and working capital.","Transaction subject to stockholder approval at 2024 annual meeting expected in fall 2024; board may abandon."],"urls":{"canonical":"https://secwatch.observer/filing/0001171843-24-004695","json":"https://secwatch.observer/filing/0001171843-24-004695.json","markdown":"https://secwatch.observer/filing/0001171843-24-004695.md","text":"https://secwatch.observer/filing/0001171843-24-004695.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/806517/000117184324004695/0001171843-24-004695-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/806517/000117184324004695/f8k_081224.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T10:14:28.827333+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"}