{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-24-284230","form_type":"8-K","ticker":"CRNC","cik":"0001768267","company_name":"Cerence Inc.","filed_at":"2024-12-23T23:59:59+00:00","discovered_at":"2026-05-14T18:03:09.535605+00:00","generated_at":"2026-05-28T23:43:03.474665+00:00","sec_items":["1.02","7.01","8.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Cerence repurchases $27M of 3% convertible notes at 98.5% of par; terminates credit facility","bullets":["Repurchased $27M aggregate principal of 3% Convertible Senior Notes due 2025 at 98.5% of par plus accrued interest.","Plans to cancel repurchased notes and pay remaining $60.5M at maturity in June 2025 using cash on hand.","Intends to terminate undrawn $50M senior secured revolving credit facility after note repurchase.","Reaffirmed Q1 FY2025 and full-year FY2025 guidance issued on Nov 21, 2024.","CEO cites confidence in future; CFO highlights cash management and cost reduction."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-24-284230","json":"https://secwatch.observer/filing/0001193125-24-284230.json","markdown":"https://secwatch.observer/filing/0001193125-24-284230.md","text":"https://secwatch.observer/filing/0001193125-24-284230.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1768267/000119312524284230/0001193125-24-284230-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1768267/000119312524284230/d915960d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-28T23:43:03.474665+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"}