{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-26-077316","form_type":"8-K","ticker":"TOP","cik":"0001848275","company_name":"TOP Financial Group Ltd","filed_at":"2026-07-13T10:08:09+00:00","discovered_at":"2026-07-13T10:10:01.828297+00:00","generated_at":"2026-07-13T10:10:08.617424+00:00","sec_items":["3.02","7.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"TOP Financial closes $80M private placement; issues 214M shares and warrants","bullets":["Closed private placement of 214,431,222 units at $0.37308/unit, raising $80M gross proceeds.","Each unit consists of one Class A ordinary share and two warrants (exercise price $0.4477, 3-year term, cashless exercise).","Warrants exercisable immediately; shares from exercise locked up for 6 months.","Proceeds for working capital and corporate purposes.","Post-closing shares: 247,984,676 Class A and 10,000,000 Class B (up from 27M Class A before recent financings)."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-26-077316","json":"https://secwatch.observer/filing/0001213900-26-077316.json","markdown":"https://secwatch.observer/filing/0001213900-26-077316.md","text":"https://secwatch.observer/filing/0001213900-26-077316.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1848275/000121390026077316/0001213900-26-077316-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1848275/000121390026077316/ea0297568-8k_top.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-07-13T10:10:08.617424+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"}