{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-23-063560","form_type":"8-K","ticker":null,"cik":"0001856961","company_name":"Blue Ocean Acquisition Corp","filed_at":"2023-08-04T23:59:59+00:00","discovered_at":"2026-05-14T18:03:35.827832+00:00","generated_at":"2026-06-12T06:29:12.014952+00:00","sec_items":["1.01","2.03","5.02","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"confidence":"high","headline":"Blue Ocean Acquisition issues $400K working capital note, amends CEO/consultant compensation","bullets":["$400,000 unsecured promissory note issued to News Lens Co., due upon business combination close; no interest, no repayment if deal terminated.","CEO Richard Leggett monthly fee set at $20,000, success bonus up to $250,000, reduced by $17,500 per month of fees paid.","Consultant Matt Lasov monthly fee set at $32,500, success bonus of $150,000 payable within 10 days of deal close.","Both amendments clarify services and compensation structure tied to the business combination."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-23-063560","json":"https://secwatch.observer/filing/0001213900-23-063560.json","markdown":"https://secwatch.observer/filing/0001213900-23-063560.md","text":"https://secwatch.observer/filing/0001213900-23-063560.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1856961/000121390023063560/0001213900-23-063560-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1856961/000121390023063560/ea182868-8k_blueocean.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-12T06:29:12.014952+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":"a271627a13d0d73027220c3701d8a5b3addfd4cc","claim":"Blue Ocean Acquisition Corp incurred loan of $400,000 with The News Lens Co., Ltd at non-interest bearing maturing on the date on which the Company consummates the transactions contemplated by the Merger Agreement.","evidence_excerpt":"On August 3, 2023, Blue Ocean Acquisition Corp (the “ Company ”) issued an unsecured promissory note to The News Lens Co., Ltd, with a principal amount equal to $400,000 (the “ Working Capital Note ”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1856961/000121390023063560/0001213900-23-063560-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"$400,000"},{"label":"Counterparty","value":"The News Lens Co., Ltd"},{"label":"Rate","value":"non-interest bearing"},{"label":"Maturity","value":"on the date on which the Company consummates the transactions contemplated by the Merger Agreement"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"8468e6ffbc978838959e34bb0f24b769482154bf","claim":"Blue Ocean Acquisition Corp entered into Working Capital Note with The News Lens Co., Ltd valued at $400,000 (effective 2023-08-03).","evidence_excerpt":"On August 3, 2023, Blue Ocean Acquisition Corp (the “ Company ”) issued an unsecured promissory note to The News Lens Co., Ltd, with a principal amount equal to $400,000 (the “ Working Capital Note ”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1856961/000121390023063560/0001213900-23-063560-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"The News Lens Co., Ltd"},{"label":"Value","value":"$400,000"},{"label":"Effective","value":"2023-08-03"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}