{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-24-006569","form_type":"8-K","ticker":null,"cik":"0001279695","company_name":"UNIVERSAL BIOSENSORS INC","filed_at":"2024-03-05T23:59:59+00:00","discovered_at":"2026-05-14T18:03:23.666609+00:00","generated_at":"2026-06-05T03:27:12.385977+00:00","sec_items":["1.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Universal Biosensors signs term sheet for A$10M entitlement offer at A$0.15/CDI with options","bullets":["A$10M pro rata non-renounceable entitlement offer to eligible CDI holders at A$0.15/CDI.","Each CDI purchased includes one option (3-year term, exercise price A$0.20) to acquire an additional CDI.","Underwriter may receive up to 13,849,567 options (approx. 5% of A$10M) or A$600,000 cash (6%) as compensation.","Offer subject to definitive underwriting agreement, ASX and stockholder approvals, and charter amendment to increase authorized shares.","U.S. persons excluded from participation; securities offered under Regulation S."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-24-006569","json":"https://secwatch.observer/filing/0001437749-24-006569.json","markdown":"https://secwatch.observer/filing/0001437749-24-006569.md","text":"https://secwatch.observer/filing/0001437749-24-006569.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1279695/000143774924006569/0001437749-24-006569-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1279695/000143774924006569/ubi20240304_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-05T03:27:12.385977+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":"b55240659fa6dddc97a8b5e2c3740133b52fccc5","claim":"UNIVERSAL BIOSENSORS INC entered into Underwriting Term Sheet with an underwriter named in the Underwriting Term Sheet valued at A$10 million (effective 2024-02-28).","evidence_excerpt":"On February 28, 2024, Universal Biosensors, Inc. (the “Company”) entered into a binding equity underwriting term sheet (the “Underwriting Term Sheet”) with an underwriter named in the Underwriting Term Sheet (the “Underwriter”), whereby the Underwriter has agreed to fully underwrite a A$10 million pro rata non-renounceable entitlement offer to eligible existing holders of CHESS Depositary Interests (“CDIs”)","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1279695/000143774924006569/0001437749-24-006569-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"underwriting"},{"label":"Counterparty","value":"an underwriter named in the Underwriting Term Sheet"},{"label":"Value","value":"A$10 million"},{"label":"Effective","value":"2024-02-28"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}