{"schema_version":"secwatch.filing_event.v1","accession":"0001401708-23-000231","form_type":"8-K","ticker":null,"cik":"0001401708","company_name":"NS Wind Down Co., Inc.","filed_at":"2023-11-06T23:59:59+00:00","discovered_at":"2026-05-14T18:03:28.909894+00:00","generated_at":"2026-06-08T19:26:16.324535+00:00","sec_items":["1.01","2.02","2.03","3.02","7.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"NanoString exchanges $216M convertible notes for secured notes due 2026; Q3 revenue record $48.1M","bullets":["Exchanged $216M (94%) of 2.625% Convertible Notes due 2025 for 6.95% Senior Secured Notes due 2026 and warrants for 16M shares at $1.69.","Q3 revenue $48.1M (+63% YoY), above top end of guidance; spatial biology $28.9M, nCounter $19.2M.","GAAP net loss $37.4M; non-GAAP net loss $21.2M; cash, equivalents & short-term investments $97.1M.","FY2023 guidance narrowed: revenue $175-180M (from $175-185M); adjusted EBITDA loss widened to $80-85M (from $65-75M).","Interest on new notes payable in-kind for first year at company's election; notes secured by substantially all assets."],"urls":{"canonical":"https://secwatch.observer/filing/0001401708-23-000231","json":"https://secwatch.observer/filing/0001401708-23-000231.json","markdown":"https://secwatch.observer/filing/0001401708-23-000231.md","text":"https://secwatch.observer/filing/0001401708-23-000231.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1401708/000140170823000231/0001401708-23-000231-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1401708/000140170823000231/nstg-20231106.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-08T19:26:16.324535+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":"98cfdfd3bed52c7483a9bdce93982bfcaffeea85","claim":"NS Wind Down Co., Inc. incurred senior notes of approximately $216 million in aggregate principal amount with U.S. Bank Trust Company, National Association at 6.95% per annum maturing September 1, 2026.","evidence_excerpt":"On November 6, 2023, NanoString Technologies, Inc. (the “Company”) announced it had entered into a privately negotiated exchange agreement (the “Exchange Agreement”) with certain existing holders of its outstanding 2.625% Convertible Senior Notes due 2025 (the “2025 Notes”), pursuant to which the Company will exchange approximately $216 million aggregate principal amount of the outstanding 2025 Notes for (i) approximately $216 million in aggregate principal amount of the Company’s 6.95% Senior Secured Notes due 2026 (the “2026 Notes”) and (ii) warrants","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1401708/000140170823000231/0001401708-23-000231-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"approximately $216 million in aggregate principal amount"},{"label":"Counterparty","value":"U.S. Bank Trust Company, National Association"},{"label":"Rate","value":"6.95% per annum"},{"label":"Maturity","value":"September 1, 2026"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"ce950d340ce3c36f8775134a52bfc9f7da657bb3","claim":"NS Wind Down Co., Inc. reported third quarter ended September 30, 2023 results: revenue $48.1 million. Guidance reaffirmed.","evidence_excerpt":"Operating Results for Third Quarter of 2023 Completed Exchange Transaction with Convertible Note Holders Representing 94% of Outstanding Principal – Record Q3 Revenue of $48.1 Million, 63% Year on Year Growth and Above Upper End of Q3 Guidance Range – SEATTLE - November 6, 2023 - NanoString Technologies, Inc. (NASDAQ:NSTG), a leading provider of life science","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1401708/000140170823000231/0001401708-23-000231-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"third quarter ended September 30, 2023"},{"label":"Revenue","value":"$48.1 million"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"4b7d395ff9546d5b0796059b9c10ae9b40f81ff9","claim":"NS Wind Down Co., Inc. entered into Indenture with U.S. Bank Trust Company, National Association, as trustee and collateral agent.","evidence_excerpt":"The 2026 Notes are to be issued pursuant to an indenture among the Company, the subsidiary guarantors from time-to-time party thereto and U.S. Bank Trust Company, National Association, as trustee and collateral agent (the “Indenture”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1401708/000140170823000231/0001401708-23-000231-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"U.S. Bank Trust Company, National Association, as trustee and collateral agent"}],"fact_type":"material_agreement"},{"claim_id":"8d1cf0671b16107b019d5d4a778144b3d3c578b3","claim":"NS Wind Down Co., Inc. entered into Exchange Agreement with certain existing holders of its outstanding 2.625% Convertible Senior Notes due 2025 valued at $216 million aggregate principal amount (effective 2023-11-06).","evidence_excerpt":"On November 6, 2023, NanoString Technologies, Inc. (the “Company”) announced it had entered into a privately negotiated exchange agreement (the “Exchange Agreement”) with certain existing holders of its outstanding 2.625% Convertible Senior Notes due 2025","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1401708/000140170823000231/0001401708-23-000231-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"certain existing holders of its outstanding 2.625% Convertible Senior Notes due 2025"},{"label":"Value","value":"$216 million aggregate principal amount"},{"label":"Effective","value":"2023-11-06"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}