{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-122557","form_type":"8-K","ticker":"PRCH","cik":"0001784535","company_name":"Porch Group, Inc.","filed_at":"2025-05-20T23:59:59+00:00","discovered_at":"2026-05-14T18:02:49.706981+00:00","generated_at":"2026-05-21T00:19:08.683470+00:00","sec_items":["1.01","3.02","7.01","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Porch Group replaces $144M of 2026 notes with $134M of 9% convertible notes due 2030","bullets":["Repurchased $144.3M of 0.75% 2026 notes; issued $134.0M of 9.00% convertible unsecured notes due 2030.","Remaining 2026 debt reduced to $29.4M; expected to be settled with balance sheet cash and $4M net proceeds.","New 2030 notes have conversion price at ~60% premium to stock VWAP; redeemable after Nov 20, 2026 if stock price >120% of conversion price.","Post-closing debt: $29.4M (2026), $333.3M (6.75% 2028 secured), $134.0M (9% 2030).","Transaction expected to close May 27, 2025; Goldman Sachs served as exclusive placement agent."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-122557","json":"https://secwatch.observer/filing/0001193125-25-122557.json","markdown":"https://secwatch.observer/filing/0001193125-25-122557.md","text":"https://secwatch.observer/filing/0001193125-25-122557.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1784535/000119312525122557/0001193125-25-122557-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1784535/000119312525122557/d932606d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-21T00:19:08.683470+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"}