{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-23-029252","form_type":"8-K","ticker":null,"cik":"0001108967","company_name":"Orbital Infrastructure Group, Inc.","filed_at":"2023-10-27T23:59:59+00:00","discovered_at":"2026-05-14T18:03:28.248014+00:00","generated_at":"2026-06-09T06:42:42.776853+00:00","sec_items":["2.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":1.0,"calibrated_materiality_score":1.0,"confidence":"high","headline":"Orbital Infrastructure completes sale of FLP and GTS subsidiaries in Chapter 11","bullets":["FLP sold to Ocelot Bidco for ~$178.5M credit bid plus $2M cash and release of guarantees.","GTS sold to Streeterville Capital for ~$40M credit bid plus $1.7M cash to the estate.","Both transactions closed on October 24, 2023, as authorized by the Bankruptcy Court.","Sales are part of Company's Chapter 11 restructuring; subsidiaries were wholly owned."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-23-029252","json":"https://secwatch.observer/filing/0001437749-23-029252.json","markdown":"https://secwatch.observer/filing/0001437749-23-029252.md","text":"https://secwatch.observer/filing/0001437749-23-029252.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1108967/000143774923029252/0001437749-23-029252-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1108967/000143774923029252/oeg20231026_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-09T06:42:42.776853+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":"b273e05bde34aa4b01c44b342859a3b573a35b80","claim":"Orbital Infrastructure Group, Inc. completed a disposition involving Ocelot Bidco LLC for aggregate consideration consisting of (i) the FLP Buyer’s credit bid of approximately $171,000,000 for certain prepetition obligations and approximately $7,500, (closed 2023-10-24).","evidence_excerpt":"the FLP Purchase Agreement, the FLP Buyer agreed to acquire the equity interests in FLP for aggregate consideration consisting of (i) the FLP Buyer’s credit bid of approximately $171,000,000 for certain prepetition obligations and approximately $7,500,000 for the Front Line DIP Obligations (as defined in the FLP Purchase Agreement), (ii) $2,000,000 cash and (iii) the","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1108967/000143774923029252/0001437749-23-029252-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"disposition"},{"label":"Counterparty","value":"Ocelot Bidco LLC"},{"label":"Consideration","value":"aggregate consideration consisting of (i) the FLP Buyer’s credit bid of approximately $171,000,000 for certain prepetition obligations and approximately $7,500,"},{"label":"Closing","value":"2023-10-24"}],"fact_type":"ma_transaction"},{"claim_id":"e0a2bc9915cd01bf46a71af65ef17978e53b9f90","claim":"Orbital Infrastructure Group, Inc. completed a disposition involving Streeterville Capital, LLC for aggregate consideration consisting of (i) the GTS Buyer’s credit bid of approximately $33,500,000 for certain secured prepetition obligations, (ii) the GTS Buye (closed 2023-10-24).","evidence_excerpt":"the GTS Purchase Agreement, the GTS Buyer agreed to acquire the equity interests in GTS for aggregate consideration consisting of (i) the GTS Buyer’s credit bid of approximately $33,500,000 for certain secured prepetition obligations, (ii) the GTS Buyer’s credit bid of $6,500,000 for the DIP Obligations (as defined in the GTS Purchase Agreement) and (iii) $1,700,000","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1108967/000143774923029252/0001437749-23-029252-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"disposition"},{"label":"Counterparty","value":"Streeterville Capital, LLC"},{"label":"Consideration","value":"aggregate consideration consisting of (i) the GTS Buyer’s credit bid of approximately $33,500,000 for certain secured prepetition obligations, (ii) the GTS Buye"},{"label":"Closing","value":"2023-10-24"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}