{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-26-167376","form_type":"8-K","ticker":null,"cik":"0002086744","company_name":"Plus Automation, Inc.","filed_at":"2026-04-22T23:59:59+00:00","discovered_at":"2026-05-14T18:02:33.486382+00:00","generated_at":"2026-05-15T04:57:19.638029+00:00","sec_items":["1.02"],"event_type":"other_material","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Churchill Capital and Plus Automation terminate merger agreement on April 20, 2026","bullets":["Merger agreement dated June 5, 2025, between Churchill Capital Corp IX and Plus Automation terminated by mutual consent.","Termination effective April 20, 2026, citing market conditions as the reason.","No deal value or termination fee disclosed in the filing."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-167376","json":"https://secwatch.observer/filing/0001193125-26-167376.json","markdown":"https://secwatch.observer/filing/0001193125-26-167376.md","text":"https://secwatch.observer/filing/0001193125-26-167376.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/2086744/000119312526167376/0001193125-26-167376-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/2086744/000119312526167376/ck0002086744-20260420.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T04:57:19.638029+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":"5a79aaea8fb19e23ac6d22fa742e2440c9e64a9e","claim":"Plus Automation, Inc. terminated Agreement and Plan of Merger and Reorganization with Churchill Capital Corp IX valued at Termination of Merger Agreement (effective 2026-04-20).","evidence_excerpt":"On April 20, 2026, Churchill and PlusAI entered into a Termination Agreement pursuant to which the Merger Agreement was terminated by the mutual consent of Churchill and PlusAI, effective as of April 20, 2026, due to market conditions.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/2086744/000119312526167376/0001193125-26-167376-index.htm","confidence":0.95}],"comparable_filings":[{"accession":"0001493152-26-021753","ticker":"HWH","company_name":"HWH International Inc.","filed_at":"2026-05-07T23:59:59+00:00","headline":"HWH enters $10M PIPE with warrants at $0.50/share; terminates Hapi Metaverse acquisition","event_type":"other_material","sec_items":["1.01","1.02","5.02","9.01"],"materiality_score":0.8,"calibrated_materiality_score":0.8,"match_reasons":["same fact type: material_agreement","same SEC item: 1.02","same event type: other_material","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-26-021753","json":"https://secwatch.observer/filing/0001493152-26-021753.json","markdown":"https://secwatch.observer/filing/0001493152-26-021753.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1897245/000149315226021753/0001493152-26-021753-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1897245/000149315226021753/form8-k.htm"},"side_by_side_evidence":{"fact_type":"material_agreement","source_excerpt":"On April 20, 2026, Churchill and PlusAI entered into a Termination Agreement pursuant to which the Merger Agreement was terminated by the mutual consent of Churchill and PlusAI, effective as of April 20, 2026, due to market conditions.","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/2086744/000119312526167376/0001193125-26-167376-index.htm","comparable_excerpt":"On May 5, 2026, HWH International Inc., a Nevada corporation (the “Company”) entered into a term sheet (the “Term Sheet”) with Smart Dynamics Technology Limited, a company incorporated in the British Virgin Islands (the “Investor”), pursuant to which the Company has agreed to sell to the Investor, for an aggregate purchase price of $10,000,000","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1897245/000149315226021753/0001493152-26-021753-index.htm"}},{"accession":"0001193125-26-202601","ticker":"RLYB","company_name":"Rallybio Corp","filed_at":"2026-05-04T23:59:59+00:00","headline":"Rallybio receives $50M termination fee after Candid merger terminates for UCB deal","event_type":"other_material","sec_items":["1.02","1.01","9.01"],"materiality_score":0.85,"calibrated_materiality_score":0.85,"match_reasons":["same fact type: material_agreement","same SEC item: 1.02","same event type: other_material","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-202601","json":"https://secwatch.observer/filing/0001193125-26-202601.json","markdown":"https://secwatch.observer/filing/0001193125-26-202601.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1739410/000119312526202601/0001193125-26-202601-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1739410/000119312526202601/d19625d8k.htm"},"side_by_side_evidence":{"fact_type":"material_agreement","source_excerpt":"On April 20, 2026, Churchill and PlusAI entered into a Termination Agreement pursuant to which the Merger Agreement was terminated by the mutual consent of Churchill and PlusAI, effective as of April 20, 2026, due to market conditions.","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/2086744/000119312526167376/0001193125-26-167376-index.htm","comparable_excerpt":"On May 3, 2026, Candid terminated the Merger Agreement concurrently with entering into a Permitted Alternative Agreement (as defined in the Merger Agreement) with UCB S.A. (“ UCB ”).","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1739410/000119312526202601/0001193125-26-202601-index.htm"}},{"accession":"0000886163-26-000027","ticker":"LGND","company_name":"LIGAND PHARMACEUTICALS INC","filed_at":"2026-04-30T23:59:59+00:00","headline":"Ligand terminates TR-Beta license with Viking over alleged material breach; Viking disputes","event_type":"other_material","sec_items":["1.02"],"materiality_score":0.7,"calibrated_materiality_score":0.7,"match_reasons":["same fact type: material_agreement","same SEC item: 1.02","same event type: other_material","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0000886163-26-000027","json":"https://secwatch.observer/filing/0000886163-26-000027.json","markdown":"https://secwatch.observer/filing/0000886163-26-000027.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/886163/000088616326000027/0000886163-26-000027-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/886163/000088616326000027/lgnd-20260424.htm"},"side_by_side_evidence":{"fact_type":"material_agreement","source_excerpt":"On April 20, 2026, Churchill and PlusAI entered into a Termination Agreement pursuant to which the Merger Agreement was terminated by the mutual consent of Churchill and PlusAI, effective as of April 20, 2026, due to market conditions.","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/2086744/000119312526167376/0001193125-26-167376-index.htm","comparable_excerpt":"On April 24, 2026, Ligand Pharmaceuticals Incorporated (the “Company”) delivered written notice to Viking Therapeutics, Inc. (“Viking”) of termination of the TR-Beta Program (the “Termination Notice”) under that certain Master License Agreement, dated May 21, 2014, by and among the Company, Metabasis Therapeutics, Inc. and Viking, as amended by the First Amendment dated September 6, 2014, the Second Amendment dated April 8, 2015, and the Waiver, Consent and Third Amendment dated March 21, 2016 (the “License Agreement”).","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/886163/000088616326000027/0000886163-26-000027-index.htm"}},{"accession":"0001493152-26-019659","ticker":"PMHS","company_name":"Polomar Health Services, Inc.","filed_at":"2026-04-29T23:59:59+00:00","headline":"ForHumanity terminates exclusive marketing deal with Polomar; Polomar disputes claims","event_type":"other_material","sec_items":["1.02","9.01"],"materiality_score":0.7,"calibrated_materiality_score":0.7,"match_reasons":["same fact type: material_agreement","same SEC item: 1.02","same event type: other_material","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-26-019659","json":"https://secwatch.observer/filing/0001493152-26-019659.json","markdown":"https://secwatch.observer/filing/0001493152-26-019659.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1265521/000149315226019659/0001493152-26-019659-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1265521/000149315226019659/form8-k.htm"},"side_by_side_evidence":{"fact_type":"material_agreement","source_excerpt":"On April 20, 2026, Churchill and PlusAI entered into a Termination Agreement pursuant to which the Merger Agreement was terminated by the mutual consent of Churchill and PlusAI, effective as of April 20, 2026, due to market conditions.","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/2086744/000119312526167376/0001193125-26-167376-index.htm","comparable_excerpt":"On April 23, 2026, the Company received a written notice (the “Notice”) that ForHumanity intends to terminate and rescind the ForHumanity Agreement, among other matters.","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1265521/000149315226019659/0001493152-26-019659-index.htm"}},{"accession":"0001880613-26-000050","ticker":"DRCT","company_name":"Direct Digital Holdings, Inc.","filed_at":"2026-04-28T23:59:59+00:00","headline":"DRCT enters $50M equity line with Roth, terminates New Circle ELOC, receives Nasdaq delisting notice","event_type":"other_material","sec_items":["1.01","1.02","3.01","3.03","5.03","9.01"],"materiality_score":0.8,"calibrated_materiality_score":0.8,"match_reasons":["same fact type: material_agreement","same SEC item: 1.02","same event type: other_material","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001880613-26-000050","json":"https://secwatch.observer/filing/0001880613-26-000050.json","markdown":"https://secwatch.observer/filing/0001880613-26-000050.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1880613/000188061326000050/0001880613-26-000050-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1880613/000188061326000050/drct-20260423.htm"},"side_by_side_evidence":{"fact_type":"material_agreement","source_excerpt":"On April 20, 2026, Churchill and PlusAI entered into a Termination Agreement pursuant to which the Merger Agreement was terminated by the mutual consent of Churchill and PlusAI, effective as of April 20, 2026, due to market conditions.","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/2086744/000119312526167376/0001193125-26-167376-index.htm","comparable_excerpt":"On April 28, 2026, Direct Digital Holdings, Inc. (the “ Company ”) entered into a Common Stock Purchase Agreement (the “ Purchase Agreement ”) and a related Registration Rights Agreement (the “ Registration Rights Agreement ”), each dated as of April 28, 2026, with Roth Principal Investments, LLC (“ Roth Principal Investments ”).","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1880613/000188061326000050/0001880613-26-000050-index.htm"}},{"accession":"0001193125-26-177130","ticker":"SPIR","company_name":"Spire Global, Inc.","filed_at":"2026-04-24T23:59:59+00:00","headline":"Spire Global loses Can$71.8M WildFireSat contract; Canada terminates for convenience","event_type":"other_material","sec_items":["1.02"],"materiality_score":0.85,"calibrated_materiality_score":0.85,"match_reasons":["same fact type: material_agreement","same SEC item: 1.02","same event type: other_material","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-177130","json":"https://secwatch.observer/filing/0001193125-26-177130.json","markdown":"https://secwatch.observer/filing/0001193125-26-177130.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1816017/000119312526177130/0001193125-26-177130-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1816017/000119312526177130/spir-20260423.htm"},"side_by_side_evidence":{"fact_type":"material_agreement","source_excerpt":"On April 20, 2026, Churchill and PlusAI entered into a Termination Agreement pursuant to which the Merger Agreement was terminated by the mutual consent of Churchill and PlusAI, effective as of April 20, 2026, due to market conditions.","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/2086744/000119312526167376/0001193125-26-167376-index.htm","comparable_excerpt":"On April 23, 2026, Spire Global Canada Subsidiary Corp. (the “Company”), a wholly owned subsidiary of Spire Global, Inc., received a written notice terminating for convenience, effective immediately, the contract with His Majesty the King in right of Canada, as represented by the Minister of Public Works and Government Services (“PWGS”), pursuant to which the Company agreed to design and develop the WildFireSat constellation of satellites to monitor wildfires in Canada for the Canadian Space Agency.","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1816017/000119312526177130/0001193125-26-177130-index.htm"}},{"accession":"0001379785-26-000024","ticker":"BBDC","company_name":"Barings BDC, Inc.","filed_at":"2026-06-01T20:15:45+00:00","headline":"Barings BDC receives $67M cash from adviser, enters new $11M credit support for Sierra legacy investments","event_type":"other_material","sec_items":["1.01","1.02","9.01"],"materiality_score":0.65,"calibrated_materiality_score":0.65,"match_reasons":["same fact type: material_agreement","same SEC item: 1.02","same event type: other_material"],"urls":{"canonical":"https://secwatch.observer/filing/0001379785-26-000024","json":"https://secwatch.observer/filing/0001379785-26-000024.json","markdown":"https://secwatch.observer/filing/0001379785-26-000024.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1379785/000137978526000024/0001379785-26-000024-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1379785/000137978526000024/bbdc-20260529.htm"},"side_by_side_evidence":{"fact_type":"material_agreement","source_excerpt":"On April 20, 2026, Churchill and PlusAI entered into a Termination Agreement pursuant to which the Merger Agreement was terminated by the mutual consent of Churchill and PlusAI, effective as of April 20, 2026, due to market conditions.","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/2086744/000119312526167376/0001193125-26-167376-index.htm","comparable_excerpt":"Barings BDC, Inc. (the “Company”) and Barings LLC (the “Adviser”) entered into a new Credit Support Agreement (the “New CSA”). The New CSA provides similar credit support as previously provided under the Prior CSA for the remaining unrealized investments in two portfolio companies previously covered by the Prior CSA in an amount equal to the $10,994,928 fair value of such investments as of May 29, 2026 (the “Remaining Obligation”).","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1379785/000137978526000024/0001379785-26-000024-index.htm"}},{"accession":"0001213900-26-054200","ticker":"SERV","company_name":"Serve Robotics Inc. /DE/","filed_at":"2026-05-11T23:59:59+00:00","headline":"Serve Robotics ends $150M ATM sales agreement, reports pro forma Q1 net loss of $51M from Diligent acquisition","event_type":"other_material","sec_items":["1.02","8.01","9.01"],"materiality_score":0.6,"calibrated_materiality_score":0.6,"match_reasons":["same fact type: material_agreement","same SEC item: 1.02","same event type: other_material"],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-26-054200","json":"https://secwatch.observer/filing/0001213900-26-054200.json","markdown":"https://secwatch.observer/filing/0001213900-26-054200.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1832483/000121390026054200/0001213900-26-054200-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1832483/000121390026054200/ea028960901-8k_serve.htm"},"side_by_side_evidence":{"fact_type":"material_agreement","source_excerpt":"On April 20, 2026, Churchill and PlusAI entered into a Termination Agreement pursuant to which the Merger Agreement was terminated by the mutual consent of Churchill and PlusAI, effective as of April 20, 2026, due to market conditions.","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/2086744/000119312526167376/0001193125-26-167376-index.htm","comparable_excerpt":"On May 7, 2026, Serve Robotics Inc. (the “Company”) and each of Cantor Fitzgerald & Co., Wedbush Securities Inc., Northland Securities, Inc., Ladenburg Thalmann & Co. Inc. and Seaport Global Securities LLC (collectively, the “Agents”) agreed to terminate the Controlled Equity Offering SM Agreement, dated as of March 6, 2025 (the “Prior Sales Agreement”).","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1832483/000121390026054200/0001213900-26-054200-index.htm"}}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}