{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-019198","form_type":"8-K","ticker":"VFF","cik":"0001584549","company_name":"Village Farms International, Inc.","filed_at":"2023-01-30T23:59:59+00:00","discovered_at":"2026-05-14T18:03:45.708647+00:00","generated_at":"2026-06-20T06:37:02.966293+00:00","sec_items":["1.01","7.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Village Farms completes $25M direct offering, CEO stake falls below 10%","bullets":["Sold 18,350,000 common shares at $1.35 and warrants for 18,350,000 more at $1.65 per share.","Gross proceeds ~$25M; net proceeds for general working capital.","CEO Michael DeGiglio ownership diluted from ~11.4% to ~9.4% after offering.","Warrants exercisable from July 30, 2023 to July 30, 2028; potential $30M add if exercised.","Total shares outstanding post-offering: 110,238,929."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-019198","json":"https://secwatch.observer/filing/0001193125-23-019198.json","markdown":"https://secwatch.observer/filing/0001193125-23-019198.md","text":"https://secwatch.observer/filing/0001193125-23-019198.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1584549/000119312523019198/0001193125-23-019198-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1584549/000119312523019198/d369529d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-20T06:37:02.966293+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":"b2f37b62db2aabd2c17b483368b55e8eec56fd20","claim":"Village Farms International, Inc. entered into Securities Purchase Agreements with the purchasers valued at Purchase and sale of 18,350,000 common shares at US$1.35 per share together with warrants to purchas (effective 2023-01-26).","evidence_excerpt":"On January 26, 2023, Village Farms International, Inc. (the “ Company ”) entered into securities purchase agreements (the “ Securities Purchase Agreements ”) for the purchase and sale of 18,350,000 of its common shares, no par value per share (“ Common Shares ”), at US$1.35 per share together with accompanying warrants to purchase up to 18,350,000 Common Shares, which have an exercise price of US$1.65 per share (the “ Warrants ”), pursuant to a registered direct offering (the “ Offering ”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1584549/000119312523019198/0001193125-23-019198-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"the purchasers"},{"label":"Value","value":"Purchase and sale of 18,350,000 common shares at US$1.35 per share together with warrants to purchas"},{"label":"Effective","value":"2023-01-26"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}