{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-22-037163","form_type":"8-K","ticker":"SNAP","cik":"0001564408","company_name":"Snap Inc","filed_at":"2022-02-11T23:59:59+00:00","discovered_at":"2026-05-14T18:04:07.005235+00:00","generated_at":"2026-06-27T08:45:37.102892+00:00","sec_items":["1.01","2.03","3.02","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Snap issues $1.5B 0.125% convertible notes due 2028 and enters capped calls","bullets":["Issued $1.3B in 0.125% convertible senior notes due 2028; underwriters exercised $200M option for total $1.5B.","Notes convertible at 17.7494 shares per $1,000 principal (initially $56.34/share); conversion conditions include 130% stock price threshold.","Entered capped call transactions to reduce dilution; cap price $93.90 per share (150% above Feb 8 close of $37.56).","Snap may redeem notes on/after March 5, 2025 if stock price exceeds 130% of conversion price for 20 of 30 trading days.","Holders can require repurchase at 100% principal plus interest upon a fundamental change."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-22-037163","json":"https://secwatch.observer/filing/0001193125-22-037163.json","markdown":"https://secwatch.observer/filing/0001193125-22-037163.md","text":"https://secwatch.observer/filing/0001193125-22-037163.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1564408/000119312522037163/0001193125-22-037163-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1564408/000119312522037163/d311905d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-27T08:45:37.102892+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"}