{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-26-087439","form_type":"8-K/A","ticker":"ADIL","cik":"0001513525","company_name":"ADIAL PHARMACEUTICALS, INC.","filed_at":"2026-08-11T01:13:05+00:00","discovered_at":"2026-08-11T10:10:00.346714+00:00","generated_at":"2026-08-11T10:10:52.509206+00:00","sec_items":["9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Adial files Azora financials: Azora net loss $744K in 2025, $1.64M in 2024; going concern doubt","bullets":["Azora net loss $744K in 2025, $1.64M in 2024; cash $282K at 12/31/25, accumulated deficit $9.4M.","Merger consideration: 437,421 Adial shares + 12,930.617 Series A preferred (1,000 common each), options for 1,177,782 common.","Concurrent PIPE raised $26.8M gross via pre-funded warrants at $2.7489/share for 9,749,345 shares.","Azora $5.5M convertible notes extinguished via exchange for pre-funded warrants for 2,031,603 shares.","Pro forma combined statements filed; Azora auditor cites substantial doubt about going concern."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-26-087439","json":"https://secwatch.observer/filing/0001213900-26-087439.json","markdown":"https://secwatch.observer/filing/0001213900-26-087439.md","text":"https://secwatch.observer/filing/0001213900-26-087439.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1513525/000121390026087439/0001213900-26-087439-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1513525/000121390026087439/ea0299800-8ka1_adial.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-08-11T10:10:52.509206+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"}