{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-267120","form_type":"8-K","ticker":"PTC","cik":"0000857005","company_name":"PTC INC.","filed_at":"2025-11-05T23:59:59+00:00","discovered_at":"2026-05-14T18:02:42.374988+00:00","generated_at":"2026-05-17T00:29:10.536567+00:00","sec_items":["1.01","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"PTC sells ThingWorx & Kepware to TPG affiliate for $600M cash plus up to $125M contingent","bullets":["$600M base cash purchase price at closing, subject to working capital and other adjustments; up to $125M additional contingent consideration.","Deal includes sale of ThingWorx and Kepware businesses; closing expected by Feb 1, 2026, subject to HSR and foreign regulatory approvals.","No shareholder approval or financing condition required; outside date extends to Nov 5, 2026 if regulatory approvals pending.","PTC agrees to a three-year non-compete on specified competitive businesses and customary indemnification provisions.","Transaction is not subject to financing condition; TPG affiliate provides equity commitment letter."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-267120","json":"https://secwatch.observer/filing/0001193125-25-267120.json","markdown":"https://secwatch.observer/filing/0001193125-25-267120.md","text":"https://secwatch.observer/filing/0001193125-25-267120.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/857005/000119312525267120/0001193125-25-267120-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/857005/000119312525267120/ptc-20251105.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T00:29:10.536567+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"}