{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-032714","form_type":"8-K/A","ticker":null,"cik":"0000886158","company_name":"20230930-DK-Butterfly-1, Inc.","filed_at":"2023-02-10T23:59:59+00:00","discovered_at":"2026-05-14T18:03:48.401318+00:00","generated_at":"2026-06-19T18:48:01.810516+00:00","sec_items":["1.01","5.03","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.95,"calibrated_materiality_score":0.95,"confidence":"high","headline":"BBBY issues Series A convertible preferred, warrants, and enters $100M FILO term loan","bullets":["Issued 23,685 shares of Series A Convertible Preferred Stock at $10,000 stated value and warrants to purchase additional shares.","Issued 95,387,533 Common Stock Warrants exercisable at $6.15 per share, expiring in five years.","Entered Second Amendment to Credit Agreement providing $100 million FILO term loan and waiving existing defaults.","Received $225 million initial tranche of equity investment as part of the financing.","Company acknowledges substantial doubt about its ability to continue as a going concern."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-032714","json":"https://secwatch.observer/filing/0001193125-23-032714.json","markdown":"https://secwatch.observer/filing/0001193125-23-032714.md","text":"https://secwatch.observer/filing/0001193125-23-032714.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/886158/000119312523032714/0001193125-23-032714-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/886158/000119312523032714/d443765d8ka.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-19T18:48:01.810516+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":"d511f0fbe1e6d899a5c0d6240124ab5121692b79","claim":"20230930-DK-Butterfly-1, Inc.: Filing of Certificate of Amendment to establish Series A Convertible Preferred Stock with voting powers, designations, preferences, and restrictions (effective 2023-02-06).","evidence_excerpt":"On February 6, 2023, the Company submitted the Certificate of Amendment (the “Certificate of Amendment”) establishing the Series A Convertible Preferred Stock with the New York Department of State to establish the voting powers, designations, preferences and relative, participating, optional or other special rights and the qualifications, limitations and restrictions of the Series A Convertible Preferred Stock.","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/886158/000119312523032714/0001193125-23-032714-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"charter amendment"},{"label":"Effective","value":"2023-02-06"}],"fact_type":"governance_change"},{"claim_id":"7e790a1e1dca890936baf38a23571f8a119d5e16","claim":"20230930-DK-Butterfly-1, Inc. entered into Underwriting Agreement with B. Riley Securities, Inc. (effective 2023-02-07).","evidence_excerpt":"On February 7, 2023, the Company issued (i) 23,685 shares of Series A Convertible Preferred Stock, (ii) 84,216 Preferred Stock Warrants and (iii) 95,387,533 Common Stock Warrants pursuant to the the Underwriting Agreement, dated February 7, 2023, between the Company and B. Riley Securities, Inc., as underwriter.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/886158/000119312523032714/0001193125-23-032714-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"underwriting"},{"label":"Counterparty","value":"B. Riley Securities, Inc."},{"label":"Effective","value":"2023-02-07"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}