{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-21-289291","form_type":"8-K","ticker":"ROOT","cik":"0001788882","company_name":"Root, Inc.","filed_at":"2021-10-01T23:59:59+00:00","discovered_at":"2026-05-14T18:04:14.138568+00:00","generated_at":"2026-06-29T00:03:25.860060+00:00","sec_items":["1.01","3.02","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Root closes $126M Carvana investment, issues convertible preferred and warrants","bullets":["Received approx. $126M from Carvana for 14M Series A Convertible Preferred shares at $9.00/sh.","Issued eight tranches of warrants exercisable for up to 129M shares (29.9% fully diluted).","Five-year commercial agreement to develop integrated insurance platform; Root exclusive for auto insurance on Carvana platform.","Carvana gets right to appoint Ernest Garcia III to Root's board of directors."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-21-289291","json":"https://secwatch.observer/filing/0001193125-21-289291.json","markdown":"https://secwatch.observer/filing/0001193125-21-289291.md","text":"https://secwatch.observer/filing/0001193125-21-289291.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1788882/000119312521289291/0001193125-21-289291-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1788882/000119312521289291/d236036d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-29T00:03:25.860060+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"}