{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-225084","form_type":"8-K","ticker":"PHXE-P","cik":"0001818643","company_name":"Phoenix Energy One, LLC","filed_at":"2025-09-30T23:59:59+00:00","discovered_at":"2026-05-14T18:02:45.110717+00:00","generated_at":"2026-05-17T05:17:36.607351+00:00","sec_items":["3.02","3.03","5.03","5.02","8.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Phoenix Energy closes $54M preferred share IPO; begins trading on NYSE American","bullets":["Sold 2.7M Series A Cumulative Redeemable Preferred Shares at $20/share for ~$54.1M gross proceeds.","Preferred shares began trading Sept 30, 2025 on NYSE American under ticker PHXE.P.","Annual distribution rate starts at 10%, steps to 10.5% (Oct 2028) and 11% (Oct 2029).","Initial distribution of $0.11111/share payable Oct 15, 2025 to holders of record Oct 1.","Five new directors appointed and Third Amended LLC Agreement adopted to govern preferred share terms."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-225084","json":"https://secwatch.observer/filing/0001193125-25-225084.json","markdown":"https://secwatch.observer/filing/0001193125-25-225084.md","text":"https://secwatch.observer/filing/0001193125-25-225084.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1818643/000119312525225084/0001193125-25-225084-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1818643/000119312525225084/d91166d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T05:17:36.607351+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":"1cb2a437f436916e3cca5c278da78b53da3cf6d6","claim":"Phoenix Energy One, LLC: Company amended and restated its limited liability company agreement to adopt manager-managed structure, board governance, and designate Series A Cumulative Redeemable Preferred Shares (effective 2025-09-29).","evidence_excerpt":"Effective as of September 29, 2025, the Company entered into its Third Amended and Restated Limited Liability Company Agreement (the “Third ARLLCA”).","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1818643/000119312525225084/0001193125-25-225084-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"charter amendment"},{"label":"Effective","value":"2025-09-29"}],"fact_type":"governance_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}