{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-278669","form_type":"8-K","ticker":"SBC","cik":"0001930313","company_name":"SBC Medical Group Holdings Inc","filed_at":"2025-11-13T23:59:59+00:00","discovered_at":"2026-05-14T18:02:41.087206+00:00","generated_at":"2026-05-16T20:37:36.094732+00:00","sec_items":["8.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"SBC Medical Group to acquire Waqoo via tender offer; CEO selling 26.6% stake at discounted price","bullets":["SBCMG to tender for up to 575,000 Waqoo shares at JPY 1,900 each; period Nov 14–Dec 12, 2025.","CEO Yoshiyuki Aikawa to sell his 989,802 shares (26.58%) off-market at JPY 1,445 per share, a discount to tender price.","Post-transaction, Waqoo will become a consolidated subsidiary of SBC Medical Group.","SBCMG currently holds 9.49% of Waqoo; combined with CEO's stake, effective control exceeds 36%.","Strategic rationale: integrate Waqoo's R&D in AGA, orthopedics, skincare, and regenerative medicine."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-278669","json":"https://secwatch.observer/filing/0001193125-25-278669.json","markdown":"https://secwatch.observer/filing/0001193125-25-278669.md","text":"https://secwatch.observer/filing/0001193125-25-278669.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1930313/000119312525278669/0001193125-25-278669-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1930313/000119312525278669/sbc-20251113.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T20:37:36.094732+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"}