{"schema_version":"secwatch.filing_event.v1","accession":"0001402479-24-000004","form_type":"8-K","ticker":null,"cik":"0001402479","company_name":"MedAvail Holdings, Inc.","filed_at":"2024-01-23T23:59:59+00:00","discovered_at":"2026-05-14T18:03:24.069598+00:00","generated_at":"2026-06-06T19:56:56.254818+00:00","sec_items":["2.05"],"event_type":"other_material","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"MedAvail reduces workforce by 40%, targets $1.7M annual savings","bullets":["Board approved reduction in force of ~40% of full-time employees, effective Jan 22, 2024.","Expects annualized operating expense savings of ~$1.7 million versus full year 2024.","Expects to incur ~$0.3 million in Q1 2024 expenses related to the reduction.","Company continues to pursue strategies to address financial condition and liquidity."],"urls":{"canonical":"https://secwatch.observer/filing/0001402479-24-000004","json":"https://secwatch.observer/filing/0001402479-24-000004.json","markdown":"https://secwatch.observer/filing/0001402479-24-000004.md","text":"https://secwatch.observer/filing/0001402479-24-000004.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1402479/000140247924000004/0001402479-24-000004-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1402479/000140247924000004/medavail-20240119.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T19:56:56.254818+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":"44d9a9038c734148e74426c101ebc3e3e47b92b8","claim":"MedAvail Holdings, Inc. announced a restructuring with charges of approximately $0.3 million (approximately 40% of the Company's current full-time employees).","evidence_excerpt":"expected to result in annualized operating expense savings of approximately $1.7 million compared to the full year 2024. The Company expects to incur expenses of approximately $0.3 million during the first quarter of 2024 related to the Reduction. The first quarter expenses and annualized savings the Company expects in connection with the Reduction are estimates","evidence_source":"SEC 8-K Item 2.05/2.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1402479/000140247924000004/0001402479-24-000004-index.htm","confidence":0.9,"family_label":"Restructurings & Charges","details":[{"label":"Type","value":"restructuring"},{"label":"Charge","value":"approximately $0.3 million"},{"label":"Headcount","value":"approximately 40% of the Company's current full-time employees"}],"fact_type":"restructuring_charge"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}