{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-24-009613","form_type":"8-K","ticker":"XFLT","cik":"0001703079","company_name":"XAI Octagon Floating Rate & Alternative Income Trust","filed_at":"2024-02-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:25.175350+00:00","generated_at":"2026-06-06T09:58:55.891693+00:00","sec_items":["1.01","7.01","8.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"XFLT raises ~$25M via registered direct placement of 3.5M shares; name change to perpetual trust","bullets":["Sold 3,546,854 common shares at $7.0485 per share for net proceeds of ~$25M.","Offering expected to close on or about February 5, 2024; no placement agent used.","Trust name changed from 'Term Trust' to 'Trust', reflecting perpetual structure.","Eagle Point and purchasers granted Trust irrevocable proxy to vote shares in proportion to other holders until holdings fall below 4.9%.","Proceeds to be used for investments, paying down credit facility, and working capital."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-24-009613","json":"https://secwatch.observer/filing/0001213900-24-009613.json","markdown":"https://secwatch.observer/filing/0001213900-24-009613.md","text":"https://secwatch.observer/filing/0001213900-24-009613.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1703079/000121390024009613/0001213900-24-009613-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1703079/000121390024009613/ea169547_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T09:58:55.891693+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":"b1575c9565eb4cd4fa3dfc6d3e44bf93746f9f39","claim":"XAI Octagon Floating Rate & Alternative Income Trust entered into Purchase Agreement with the purchasers named therein valued at $7.0485 per Common Share (effective 2024-02-01).","evidence_excerpt":"On February 1, 2024, the XAI Octagon Floating Rate & Alternative Income Trust (formerly, XAI Octagon Floating Rate & Alternative Income Term Trust (NYSE: XFLT) (the “Trust”) entered into a purchase agreement (the “Purchase Agreement”) between the Trust and the purchasers named therein (the “Purchasers”) in connection with the purchase and sale of common shares of beneficial interest, par value $0.01 per share, of the Trust (the “Common Shares”) in a registered direct placement (the “Offering”)","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1703079/000121390024009613/0001213900-24-009613-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"the purchasers named therein"},{"label":"Value","value":"$7.0485 per Common Share"},{"label":"Effective","value":"2024-02-01"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}