{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-172207","form_type":"8-K","ticker":"EQ","cik":"0001746466","company_name":"Equillium, Inc.","filed_at":"2025-08-04T23:59:59+00:00","discovered_at":"2026-05-14T18:02:44.861035+00:00","generated_at":"2026-05-17T21:30:50.304464+00:00","sec_items":["1.01","2.02","7.01","8.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Equillium adopts crypto treasury strategy; cash $11.5M, runway into Q4 2025; going concern doubt","bullets":["Cash and cash equivalents $11.5M as of June 30, 2025; expects to fund operations into Q4 2025.","Amended investment policy to allow cryptocurrency purchases; no crypto purchased yet, plans updates in Q3 2025.","Pipeline paused: preparing EQ504 for clinical development subject to raising capital; development activities paused.","Replaced ATM sales agent from Jefferies to LifeSci Capital; $21.95M available under ATM facility.","Going concern doubt: substantial doubt about ability to continue; need additional capital immediately."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-172207","json":"https://secwatch.observer/filing/0001193125-25-172207.json","markdown":"https://secwatch.observer/filing/0001193125-25-172207.md","text":"https://secwatch.observer/filing/0001193125-25-172207.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1746466/000119312525172207/0001193125-25-172207-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1746466/000119312525172207/d113174d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T21:30:50.304464+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"}