{"schema_version":"secwatch.filing_event.v1","accession":"0001199835-26-000018","form_type":"8-K","ticker":null,"cik":"0001936756","company_name":"Next Bridge Hydrocarbons, Inc.","filed_at":"2026-01-16T23:59:59+00:00","discovered_at":"2026-05-14T18:02:36.821440+00:00","generated_at":"2026-05-16T09:56:38.606653+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Next Bridge Hydrocarbons increases CEO promissory note capacity by $5M to $25M","bullets":["Tenth Amendment to 5% unsecured promissory note with CEO Gregory McCabe raises borrowing limit from $20M to $25M.","Amendment effective January 14, 2026; Audit Committee approved the increase; all other terms unchanged.","Lender is Chairman/CEO and largest stockholder, making this a related-party transaction."],"urls":{"canonical":"https://secwatch.observer/filing/0001199835-26-000018","json":"https://secwatch.observer/filing/0001199835-26-000018.json","markdown":"https://secwatch.observer/filing/0001199835-26-000018.md","text":"https://secwatch.observer/filing/0001199835-26-000018.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1936756/000119983526000018/0001199835-26-000018-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1936756/000119983526000018/nbh-8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T09:56:38.606653+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":"e3f69d944db2fdacb7b96398c4b306963a7207c9","claim":"Next Bridge Hydrocarbons, Inc. amended debt of up to $25,000,000 with Gregory McCabe at 5%.","evidence_excerpt":"to increase the principal amount available for disbursement to the Company from $20,000,000 to up to $25,000,000","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1936756/000119983526000018/0001199835-26-000018-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Principal","value":"up to $25,000,000"},{"label":"Counterparty","value":"Gregory McCabe"},{"label":"Rate","value":"5%"},{"label":"Event","value":"amendment"}]},{"claim_id":"6a8b05de5a3e6c64b9da109b21db0b6ce459fb37","claim":"Next Bridge Hydrocarbons, Inc. amended Tenth Amendment to 5% Unsecured Promissory Note with Gregory McCabe valued at increase the principal amount available for disbursement to the Company from $20,000,000 to up to $2 (effective 2026-01-07).","evidence_excerpt":"On January 7, 2026, the Company and Mr. McCabe entered into the Tenth Amendment to 5% Unsecured Promissory Note (the “Amendment”) to increase the principal amount available for disbursement to the Company from $20,000,000 to up to $25,000,000.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1936756/000119983526000018/0001199835-26-000018-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"Gregory McCabe"},{"label":"Value","value":"increase the principal amount available for disbursement to the Company from $20,000,000 to up to $2"},{"label":"Effective","value":"2026-01-07"}]}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}