{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-26-092250","form_type":"8-K","ticker":"BSTR","cik":"0002083583","company_name":"BSTR Holdings, Inc.","filed_at":"2026-08-20T23:30:41+00:00","discovered_at":"2026-08-21T10:05:00.388667+00:00","generated_at":"2026-08-21T10:05:29.905320+00:00","sec_items":["1.01","1.02","8.01","9.01"],"event_type":"m_and_a","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"BSTR terminates SPAC merger with CEPO; pays $15M termination fee","bullets":["Business Combination Agreement dated July 16, 2025 terminated Aug 20, 2026; all Transaction Documents terminated.","BSTR to pay CEPO $15M cash fee: $10M by Sep 19, 2026 and $5M by Dec 1, 2026.","Mutual releases of claims, waiver of trust-account claims, covenant not to sue.","BSTR to withdraw S-4 registration statement; CF&Co. placement agent and advisory letters terminated.","Termination cited Bitcoin price pressure limiting convertible and perpetual-equity strategies; BSTR continues treasury pursuit."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-26-092250","json":"https://secwatch.observer/filing/0001213900-26-092250.json","markdown":"https://secwatch.observer/filing/0001213900-26-092250.md","text":"https://secwatch.observer/filing/0001213900-26-092250.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/2083583/000121390026092250/0001213900-26-092250-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/2083564/000121390026092250/ea0302679-8k425_bstr.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-08-21T10:05:29.905320+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"}