{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-26-140835","form_type":"8-K","ticker":"TRAX","cik":"0002091349","company_name":"First Tracks Biotherapeutics, Inc.","filed_at":"2026-04-03T23:59:59+00:00","discovered_at":"2026-05-14T18:02:33.488177+00:00","generated_at":"2026-05-15T07:43:18.694739+00:00","sec_items":["7.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"First Tracks Biotherapeutics spin-off from AnaptysBio effective April 20; $80M PIPE at $13.81/sh","bullets":["Spin-off of biopharma assets: holders receive 1 share TRAX per ANAB share held on April 6 record date.","First Tracks starts with ~$180M cash and two-year runway; pipeline includes ANB033, rosnilimab, ANB101.","Concurrent $80M private placement: 5.79M shares at $13.81/sh to close after spin-off; Leerink & Barclays as placement agents.","Expected when-issued trading under TRAXV from April 6; regular-way TRAX trading starts April 20 on Nasdaq.","Spin-off expected to be a taxable transaction for U.S. federal income tax purposes."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-140835","json":"https://secwatch.observer/filing/0001193125-26-140835.json","markdown":"https://secwatch.observer/filing/0001193125-26-140835.md","text":"https://secwatch.observer/filing/0001193125-26-140835.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/2091349/000119312526140835/0001193125-26-140835-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/2091349/000119312526140835/d111394d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T07:43:18.694739+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"}