{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-117812","form_type":"8-K","ticker":"OPAD","cik":"0001825024","company_name":"Offerpad Solutions Inc.","filed_at":"2025-05-12T23:59:59+00:00","discovered_at":"2026-05-14T18:02:49.956644+00:00","generated_at":"2026-05-22T00:18:18.524543+00:00","sec_items":["1.01","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Offerpad reduces credit capacity; extends loan maturities to Aug 2025","bullets":["Revolving Senior Loan reduced to $50M available ($25.54M committed); maturity Aug 31, 2025.","Revolving Mezz Loan cut to $22M ($6.81M committed); Runoff Date Feb 28, 2026.","Availability Period ended March 31, 2025; no further new draws allowed.","Mezzanine facility borrowing capacity cut from $70M to $35M ($13.125M committed).","Agreements with LL Funds, affiliates of director Roberto Sella (holds >5% stock)."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-117812","json":"https://secwatch.observer/filing/0001193125-25-117812.json","markdown":"https://secwatch.observer/filing/0001193125-25-117812.md","text":"https://secwatch.observer/filing/0001193125-25-117812.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1825024/000119312525117812/0001193125-25-117812-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1825024/000119312525117812/d62698d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-22T00:18:18.524543+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"}