{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-24-087318","form_type":"8-K","ticker":"XFLT","cik":"0001703079","company_name":"XAI Octagon Floating Rate & Alternative Income Trust","filed_at":"2024-10-11T23:59:59+00:00","discovered_at":"2026-05-14T18:03:09.280788+00:00","generated_at":"2026-05-30T15:29:15.404606+00:00","sec_items":["3.02"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.35,"calibrated_materiality_score":0.35,"confidence":"high","headline":"XAI Octagon closes $41.85M private placement of convertible preferred shares","bullets":["On Oct 10, 2024, the Trust issued 200,000 Series II 2029 Convertible Preferred Shares at $23.25/share, net proceeds ~$4.65M.","This completes the previously announced offering of up to 1,800,000 shares; total gross proceeds ~$41.85M.","Shares have a 6.95% coupon, are convertible, and carry a $25.00 liquidation preference.","The sale was exempt under Section 4(a)(2) of the Securities Act and made to a limited group of purchasers.","Purchase agreement with Eagle Point Credit Management LLC governed the transaction."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-24-087318","json":"https://secwatch.observer/filing/0001213900-24-087318.json","markdown":"https://secwatch.observer/filing/0001213900-24-087318.md","text":"https://secwatch.observer/filing/0001213900-24-087318.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1703079/000121390024087318/0001213900-24-087318-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1703079/000121390024087318/ea0217457-01_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-30T15:29:15.404606+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"}