{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-24-049000","form_type":"8-K","ticker":null,"cik":"0001780097","company_name":"Baudax Bio, Inc.","filed_at":"2024-02-28T23:59:59+00:00","discovered_at":"2026-05-14T18:03:25.495043+00:00","generated_at":"2026-06-05T09:11:45.400393+00:00","sec_items":["1.03"],"event_type":"other_material","sentiment":"negative","materiality_score":1.0,"calibrated_materiality_score":1.0,"confidence":"high","headline":"Baudax Bio files Chapter 11 bankruptcy on February 22, 2024","bullets":["Filed voluntary Chapter 11 petition in U.S. Bankruptcy Court for Eastern District of Pennsylvania (case #2:24-bk-10583).","Company intends to operate as debtor-in-possession during the case.","No additional details regarding restructuring plan or financing provided in filing."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-24-049000","json":"https://secwatch.observer/filing/0001193125-24-049000.json","markdown":"https://secwatch.observer/filing/0001193125-24-049000.md","text":"https://secwatch.observer/filing/0001193125-24-049000.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1780097/000119312524049000/0001193125-24-049000-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1780097/000119312524049000/d800225d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-05T09:11:45.400393+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":"778996eaf2ade5342a29e67b6b05a96d19c37815","claim":"Baudax Bio, Inc. entered chapter 11 in U.S. Bankruptcy Court for the Eastern District of Pennsylvania (petition 2024-02-22).","evidence_excerpt":"On February 22, 2024, Baudax Bio, Inc. (the “Company”) filed a voluntary petition under Chapter 11 of the U.S. Bankruptcy code (the “Bankruptcy Code”) in the U.S. Bankruptcy Court for the Eastern District of Pennsylvania (the “Bankruptcy Court”) (the “Chapter 11 Case”).","evidence_source":"SEC 8-K Item 1.03","evidence_url":"https://www.sec.gov/Archives/edgar/data/1780097/000119312524049000/0001193125-24-049000-index.htm","confidence":0.9,"family_label":"Distress & Bankruptcy","details":[{"label":"Proceeding","value":"chapter 11"},{"label":"Court","value":"U.S. Bankruptcy Court for the Eastern District of Pennsylvania"},{"label":"Petition","value":"2024-02-22"}],"fact_type":"distress_event"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}