{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-265833","form_type":"8-K","ticker":null,"cik":"0001496454","company_name":"CNL Healthcare Properties, Inc.","filed_at":"2025-11-05T23:59:59+00:00","discovered_at":"2026-05-14T18:02:39.552148+00:00","generated_at":"2026-05-17T00:15:32.006021+00:00","sec_items":["1.01","5.03","8.01","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"CNL Healthcare Properties agrees to be acquired by Sonida Senior Living in cash-and-stock deal","bullets":["Per share consideration: $2.32 cash plus stock valued by Exchange Ratio based on $4.58; collar sets max 0.2015, min 0.1318 shares.","Termination fee of $30 million payable by either party under certain circumstances; closing expected in Q2 2026.","Board and special committee unanimously approved; requires majority votes from both CNL and Sonida stockholders.","Conversant Capital LLC, holder of majority of Sonida shares, agreed to vote in favor and to acquire $110M of Sonida stock at closing.","Bylaw amendment adopted specifying Maryland courts as exclusive forum for internal corporate claims."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-265833","json":"https://secwatch.observer/filing/0001193125-25-265833.json","markdown":"https://secwatch.observer/filing/0001193125-25-265833.md","text":"https://secwatch.observer/filing/0001193125-25-265833.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1496454/000119312525265833/0001193125-25-265833-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1496454/000119312525265833/d54580d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T00:15:32.006021+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":"d19428bfb2394d6e635f672cd81708ccbea4f64f","claim":"CNL Healthcare Properties, Inc.: Amended bylaws to designate Circuit Court for Baltimore City, Maryland as exclusive forum for internal corporate claims and certain other actions (effective 2025-11-04).","evidence_excerpt":"On November 4, 2025, the Board approved an amendment to the Company’s Third Amended and Restated Bylaws (the “Bylaws”, and such amendment, the “Bylaw Amendment”), which Bylaw Amendment became effective immediately.","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1496454/000119312525265833/0001193125-25-265833-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"bylaw amendment"},{"label":"Effective","value":"2025-11-04"}],"fact_type":"governance_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}