{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-25-014562","form_type":"8-K","ticker":"KFS","cik":"0001072627","company_name":"KINGSWAY FINANCIAL SERVICES INC","filed_at":"2025-02-18T23:59:59+00:00","discovered_at":"2026-05-14T18:03:02.871714+00:00","generated_at":"2026-05-26T13:46:23.005649+00:00","sec_items":["1.01","2.03","3.02","5.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Kingsway Financial Services Raises $4.4 Million Through Private Placement of Class C Preferred Stock","bullets":["Issued 176,756 shares of Class C Preferred Stock at $25 per share for initial proceeds of $4,418,900.","Class C Preferred Stock carries an 8% cumulative dividend rate, increasing to 18% if unpaid for two consecutive quarters.","Holders can convert each share into 2.63158 shares of common stock, with mandatory redemption on February 12, 2032.","Company may sell additional shares up to $6 million total in the Offering.","The preferred stock ranks pari passu with Class B Preferred Stock and senior to common stock."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-25-014562","json":"https://secwatch.observer/filing/0001213900-25-014562.json","markdown":"https://secwatch.observer/filing/0001213900-25-014562.md","text":"https://secwatch.observer/filing/0001213900-25-014562.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1072627/000121390025014562/0001213900-25-014562-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1072627/000121390025014562/ea0231313-8k_kingsway.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud","generated_at":"2026-05-26T13:46:23.005649+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":"097b558a38921550df29294c2a8b1e0c22036f98","claim":"KINGSWAY FINANCIAL SERVICES INC: Filing of Class C Certificate of Designations creating Class C Preferred Stock (effective 2025-02-13).","evidence_excerpt":"On February 13, 2025, the Company filed the Class C Certificate of Designations with the Secretary of State of the State of Delaware.","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1072627/000121390025014562/0001213900-25-014562-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"charter amendment"},{"label":"Effective","value":"2025-02-13"}],"fact_type":"governance_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}