{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-24-014910","form_type":"8-K","ticker":null,"cik":"0001551693","company_name":"PROJECT SAGE OLDCO, INC.","filed_at":"2024-02-16T23:59:59+00:00","discovered_at":"2026-05-14T18:03:24.576565+00:00","generated_at":"2026-06-06T00:13:06.627141+00:00","sec_items":["1.01","1.03","2.03","3.01","8.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":1.0,"calibrated_materiality_score":1.0,"confidence":"high","headline":"Sientra files Chapter 11, enters $90M DIP financing; Nasdaq delisting on Feb 22","bullets":["Chapter 11 petitions filed Feb 12, 2024 in Delaware; cases jointly administered.","Deerfield Partners provides $90M DIP facility: $22.5M new money + $67.5M roll-up of existing debt.","Nasdaq delisting notice received Feb 13; trading suspended Feb 22, stock to trade OTC Pink under SIENQ.","Company warns equity holders face significant or complete loss depending on Chapter 11 outcome.","Bankruptcy Court approved DIP on interim basis Feb 14; milestones and budget conditions apply."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-24-014910","json":"https://secwatch.observer/filing/0001213900-24-014910.json","markdown":"https://secwatch.observer/filing/0001213900-24-014910.md","text":"https://secwatch.observer/filing/0001213900-24-014910.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1551693/000121390024014910/0001213900-24-014910-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1551693/000121390024014910/ea193946-8k_sientrainc.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T00:13:06.627141+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":"10a57719a817b4efeb0faaef7152f43e621a385e","claim":"PROJECT SAGE OLDCO, INC. entered chapter 11 in United States Bankruptcy Court for the District of Delaware (petition 2024-02-12).","evidence_excerpt":"on February 12, 2024, Sientra, Inc. (the “ Company ”) and certain of its direct and indirect subsidiaries filed voluntary petitions to commence proceedings under chapter 11 (the “ Chapter 11 Cases ”) of title 11 of the United States Code in the United States Bankruptcy Court for the District of Delaware (the “ Bankruptcy Court ”).","evidence_source":"SEC 8-K Item 1.03","evidence_url":"https://www.sec.gov/Archives/edgar/data/1551693/000121390024014910/0001213900-24-014910-index.htm","confidence":0.9,"family_label":"Distress & Bankruptcy","details":[{"label":"Proceeding","value":"chapter 11"},{"label":"Court","value":"United States Bankruptcy Court for the District of Delaware"},{"label":"Petition","value":"2024-02-12"}],"fact_type":"distress_event"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}