{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-172557","form_type":"8-K","ticker":null,"cik":"0000886158","company_name":"20230930-DK-Butterfly-1, Inc.","filed_at":"2023-06-22T23:59:59+00:00","discovered_at":"2026-05-14T18:03:42.623994+00:00","generated_at":"2026-06-13T19:35:38.705736+00:00","sec_items":["1.01","1.03"],"event_type":"other_material","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Bed Bath & Beyond selects Overstock as successful bidder for $21.5M asset sale; DIP financing approved","bullets":["Overstock.com selected as successful bidder to acquire IP, business data, mobile apps, and certain contracts for $21.5M.","Sale hearing set for June 27, 2023; closing expected shortly after, with termination date of July 3, 2023.","Bankruptcy Court entered final order authorizing DIP facility: $40M new money term loan plus $200M roll-up.","DIP proceeds to fund post-petition working capital, administrative costs, and other court-approved uses."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-172557","json":"https://secwatch.observer/filing/0001193125-23-172557.json","markdown":"https://secwatch.observer/filing/0001193125-23-172557.md","text":"https://secwatch.observer/filing/0001193125-23-172557.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/886158/000119312523172557/0001193125-23-172557-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/886158/000119312523172557/d444406d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T19:35:38.705736+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":"519815f4799bdacb30dff07b88fb3298bf046ae1","claim":"20230930-DK-Butterfly-1, Inc. entered chapter 11 in Bankruptcy Court (petition 2023-06-15).","evidence_excerpt":"Item 1.03. Bankruptcy or Receivership. DIP Credit Agreement On June 15, 2023, the Bankruptcy Court issued a final order (the \"Final Order\") pursuant to the Bankruptcy Court authorizing, on a final basis, among other things: (1) entry into a senior secured super-priority debtor in possession term loan credit facility","evidence_source":"SEC 8-K Item 1.03","evidence_url":"https://www.sec.gov/Archives/edgar/data/886158/000119312523172557/0001193125-23-172557-index.htm","confidence":0.9,"family_label":"Distress & Bankruptcy","details":[{"label":"Proceeding","value":"chapter 11"},{"label":"Court","value":"Bankruptcy Court"},{"label":"Petition","value":"2023-06-15"}],"fact_type":"distress_event"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}