{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-22-013549","form_type":"8-K","ticker":"AUSI","cik":"0000826253","company_name":"AURA SYSTEMS INC","filed_at":"2022-03-18T23:59:59+00:00","discovered_at":"2026-05-14T18:04:09.910474+00:00","generated_at":"2026-06-26T21:50:52.564020+00:00","sec_items":["1.01","8.01","9.01"],"event_type":"litigation","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Aura Systems settles litigation with former director; pays $10M, issues 3.3M warrants","bullets":["Agreed to pay $10 million over seven years, with $3 million due within three months; 6% interest on unpaid balance.","Issues seven-year warrants for up to 3.3 million shares at $0.85 per share to the Kopple parties.","Settlement resolves claims exceeding $13 million in loans and 23 million warrants originally sought in 2017 litigation.","No admission of fault; mutual release of claims; company may prepay without penalty.","All amounts must be paid within eight years; if uncured default, plaintiffs can enter judgment against Aura."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-22-013549","json":"https://secwatch.observer/filing/0001213900-22-013549.json","markdown":"https://secwatch.observer/filing/0001213900-22-013549.md","text":"https://secwatch.observer/filing/0001213900-22-013549.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/826253/000121390022013549/0001213900-22-013549-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/826253/000121390022013549/ea157111-8k_aura.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-26T21:50:52.564020+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"}