{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-25-035597","form_type":"8-K/A","ticker":"ETON","cik":"0001710340","company_name":"Eton Pharmaceuticals, Inc.","filed_at":"2025-11-18T23:59:59+00:00","discovered_at":"2026-05-14T18:02:40.228495+00:00","generated_at":"2026-05-16T18:50:12.781368+00:00","sec_items":["2.01","9.01","8.01","9.0"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Eton files historical financials for Increlex acquisition; product net sales $18.7M in 2023","bullets":["Acquired Increlex for $22.5M upfront plus $7.5M inventory; $2.5M payments on 1st & 2nd anniversaries.","Expanded credit facility to $30M, maturity 3 years, SOFR+6.75%; issued warrant for 289,736 shares at $5.32.","Increlex net sales: $18.7M (2023), $15.1M (2022); nine months Sep 2024 $13.0M vs $13.9M prior.","Pro forma combined net loss for nine months Sep 2024: $5.5M vs Eton historical $3.2M.","Increlex net sales exceeded direct expenses: $3.9M in 2023, $4.1M in nine months Sep 2024."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-25-035597","json":"https://secwatch.observer/filing/0001437749-25-035597.json","markdown":"https://secwatch.observer/filing/0001437749-25-035597.md","text":"https://secwatch.observer/filing/0001437749-25-035597.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1710340/000143774925035597/0001437749-25-035597-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1710340/000143774925035597/eton20250314_8ka.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T18:50:12.781368+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":"ae5ea290b03751abab29fc49ecba3004f1b1be84","claim":"Eton Pharmaceuticals, Inc. completed an acquisition involving Ipsen S.A. (closed 2024-12-19).","evidence_excerpt":"on December 1 9, 2024, the Company completed its purchase (the “Acquisition”) of Increlex® (“Increlex”) from Ipsen S.A. (“Ipsen”).","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1710340/000143774925035597/0001437749-25-035597-index.htm","confidence":0.9}],"comparable_filings":[{"accession":"0001193125-26-251540","ticker":"CYH","company_name":"COMMUNITY HEALTH SYSTEMS INC","filed_at":"2026-06-01T20:30:16+00:00","headline":"Community Health Systems closes sale of four Arkansas hospitals for $110M cash to Freeman Health System","event_type":"m_and_a","sec_items":["2.01","9.01","8.01"],"materiality_score":0.65,"calibrated_materiality_score":0.65,"match_reasons":["same fact type: ma_transaction","same SEC item: 2.01, 8.01, 9.01","same event type: m_and_a","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-251540","json":"https://secwatch.observer/filing/0001193125-26-251540.json","markdown":"https://secwatch.observer/filing/0001193125-26-251540.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1108109/000119312526251540/0001193125-26-251540-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1108109/000119312526251540/cyh-20260601.htm"},"side_by_side_evidence":{"fact_type":"ma_transaction","source_excerpt":"on December 1 9, 2024, the Company completed its purchase (the “Acquisition”) of Increlex® (“Increlex”) from Ipsen S.A. (“Ipsen”).","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/1710340/000143774925035597/0001437749-25-035597-index.htm","comparable_excerpt":"the closing of the Transaction, after giving effect to estimated working capital, the assumption of finance leases by the Purchaser and before certain transaction expenses, was $110 million in cash (subject to a post-closing working capital adjustment). The foregoing summary of the Transaction and the terms and conditions of the Purchase Agreement is subject to, and","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1108109/000119312526251540/0001193125-26-251540-index.htm"}},{"accession":"0001493152-26-021267","ticker":"LEEEF","company_name":"Leef Brands Inc.","filed_at":"2026-05-05T23:59:59+00:00","headline":"Leef Brands completes acquisition of Standard Holdings; issues 12.6M shares and $10K cash","event_type":"m_and_a","sec_items":["2.01","3.02","8.01","9.01"],"materiality_score":0.7,"calibrated_materiality_score":0.7,"match_reasons":["same fact type: ma_transaction","same SEC item: 2.01, 8.01, 9.01","same event type: m_and_a","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-26-021267","json":"https://secwatch.observer/filing/0001493152-26-021267.json","markdown":"https://secwatch.observer/filing/0001493152-26-021267.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1711141/000149315226021267/0001493152-26-021267-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1711141/000149315226021267/form8-k.htm"},"side_by_side_evidence":{"fact_type":"ma_transaction","source_excerpt":"on December 1 9, 2024, the Company completed its purchase (the “Acquisition”) of Increlex® (“Increlex”) from Ipsen S.A. (“Ipsen”).","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/1710340/000143774925035597/0001437749-25-035597-index.htm","comparable_excerpt":"the Introductory Note of this Current Report on Form 8-K is incorporated by reference in this Item 2.01. As\nconsideration for the Merger, the Company (a) issued an aggregate of 12,592,960 shares of the Company’s common shares, no par value\n(“Merger Shares”), to the holders of SHI’s senior preferred stock and (b) paid an aggregate of $10,000.00 in cash to\nthe","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1711141/000149315226021267/0001493152-26-021267-index.htm"}},{"accession":"0001683168-26-003159","ticker":"IVHI","company_name":"Invech Holdings, Inc.","filed_at":"2026-04-23T23:59:59+00:00","headline":"Invech buys sportypick.com sports betting platform for 5M restricted shares of IVHI stock","event_type":"m_and_a","sec_items":["1.01","2.01","3.02","8.01","9.01"],"materiality_score":0.55,"calibrated_materiality_score":0.55,"match_reasons":["same fact type: ma_transaction","same SEC item: 2.01, 8.01, 9.01","same event type: m_and_a","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001683168-26-003159","json":"https://secwatch.observer/filing/0001683168-26-003159.json","markdown":"https://secwatch.observer/filing/0001683168-26-003159.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1009919/000168316826003159/0001683168-26-003159-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1009919/000168316826003159/invech_8k.htm"},"side_by_side_evidence":{"fact_type":"ma_transaction","source_excerpt":"on December 1 9, 2024, the Company completed its purchase (the “Acquisition”) of Increlex® (“Increlex”) from Ipsen S.A. (“Ipsen”).","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/1710340/000143774925035597/0001437749-25-035597-index.htm","comparable_excerpt":"has agreed to sell and the Company has agreed to purchase the website and total code of the sports betting platform\nwww.sportypick.com owned by Day (the “Assets”) in exchange for 5,000,000 restricted shares of common stock of the Company\n(the “Shares”). The foregoing information is a summary of the\nAPA involved in the transaction described above, is not complete,","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1009919/000168316826003159/0001683168-26-003159-index.htm"}},{"accession":"0001731122-26-000555","ticker":"VWAV","company_name":"VisionWave Holdings, Inc.","filed_at":"2026-04-13T23:59:59+00:00","headline":"VisionWave acquires xClibre AI video IP for 7M shares + $6M note; $60M valuation","event_type":"m_and_a","sec_items":["1.01","2.01","3.02","9.01","8.01"],"materiality_score":0.7,"calibrated_materiality_score":0.7,"match_reasons":["same fact type: ma_transaction","same SEC item: 2.01, 8.01, 9.01","same event type: m_and_a","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001731122-26-000555","json":"https://secwatch.observer/filing/0001731122-26-000555.json","markdown":"https://secwatch.observer/filing/0001731122-26-000555.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/2038439/000173112226000555/0001731122-26-000555-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/2038439/000173112226000555/e7553_8-k.htm"},"side_by_side_evidence":{"fact_type":"ma_transaction","source_excerpt":"on December 1 9, 2024, the Company completed its purchase (the “Acquisition”) of Increlex® (“Increlex”) from Ipsen S.A. (“Ipsen”).","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/1710340/000143774925035597/0001437749-25-035597-index.htm","comparable_excerpt":"Company”) entered into an Asset Purchase Agreement (the “Agreement”) with Dream America Marketing Services, Ltda.,\na Costa Rican company (the “Seller”). Pursuant to the Agreement, the Company agreed to acquire","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/2038439/000173112226000555/0001731122-26-000555-index.htm"}},{"accession":"0001193125-26-144787","ticker":"QNBC","company_name":"QNB CORP.","filed_at":"2026-04-07T23:59:59+00:00","headline":"QNB Corp. completes acquisition of Victory Bancorp; Victory Bank to integrate in June","event_type":"m_and_a","sec_items":["2.01","5.02","5.03","8.01","9.01"],"materiality_score":0.65,"calibrated_materiality_score":0.65,"match_reasons":["same fact type: ma_transaction","same SEC item: 2.01, 8.01, 9.01","same event type: m_and_a","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-144787","json":"https://secwatch.observer/filing/0001193125-26-144787.json","markdown":"https://secwatch.observer/filing/0001193125-26-144787.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/750558/000119312526144787/0001193125-26-144787-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/750558/000119312526144787/qnbc-20260401.htm"},"side_by_side_evidence":{"fact_type":"ma_transaction","source_excerpt":"on December 1 9, 2024, the Company completed its purchase (the “Acquisition”) of Increlex® (“Increlex”) from Ipsen S.A. (“Ipsen”).","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/1710340/000143774925035597/0001437749-25-035597-index.htm","comparable_excerpt":"rights in accordance with applicable law (each as provided for in the Merger Agreement)), was automatically converted as a result of the Merger into the right to receive 0.5500 shares of common stock, $0.625 par value, of the Company (the “Company Common Stock”), with cash paid in lieu of fractional shares. Each outstanding share of the Company Common","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/750558/000119312526144787/0001193125-26-144787-index.htm"}},{"accession":"0001140361-26-012981","ticker":"BBBY","company_name":"BED BATH & BEYOND, INC.","filed_at":"2026-04-02T23:59:59+00:00","headline":"Bed Bath & Beyond completes acquisition of The Brand House Collective; contributes $30M capital","event_type":"m_and_a","sec_items":["2.01","8.01","9.01"],"materiality_score":0.5,"calibrated_materiality_score":0.5,"match_reasons":["same fact type: ma_transaction","same SEC item: 2.01, 8.01, 9.01","same event type: m_and_a","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-26-012981","json":"https://secwatch.observer/filing/0001140361-26-012981.json","markdown":"https://secwatch.observer/filing/0001140361-26-012981.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1130713/000114036126012981/0001140361-26-012981-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1130713/000114036126012981/ef20069680_8k.htm"},"side_by_side_evidence":{"fact_type":"ma_transaction","source_excerpt":"on December 1 9, 2024, the Company completed its purchase (the “Acquisition”) of Increlex® (“Increlex”) from Ipsen S.A. (“Ipsen”).","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/1710340/000143774925035597/0001437749-25-035597-index.htm","comparable_excerpt":"shares of TBHC Common Stock held directly by the Company\n or Knight Merger Sub, which were automatically cancelled and ceased to exist) was converted into the right to receive 0.1993 (the “ Exchange Ratio ”) of a share of common stock, par value\n $0.0001 per share, of the Company (“ BBBY Common Stock ”). Treatment of Fractional Shares No fractional shares of","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1130713/000114036126012981/0001140361-26-012981-index.htm"}},{"accession":"0001493152-26-014820","ticker":"AGIG","company_name":"ABUNDIA GLOBAL IMPACT GROUP, INC.","filed_at":"2026-04-02T23:59:59+00:00","headline":"Abundia Global Impact acquires RPD Technologies for $4.04M via convertible note","event_type":"m_and_a","sec_items":["1.01","2.01","2.03","3.02","8.01","9.01"],"materiality_score":0.65,"calibrated_materiality_score":0.65,"match_reasons":["same fact type: ma_transaction","same SEC item: 2.01, 8.01, 9.01","same event type: m_and_a","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-26-014820","json":"https://secwatch.observer/filing/0001493152-26-014820.json","markdown":"https://secwatch.observer/filing/0001493152-26-014820.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1156041/000149315226014820/0001493152-26-014820-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1156041/000149315226014820/form8-k.htm"},"side_by_side_evidence":{"fact_type":"ma_transaction","source_excerpt":"on December 1 9, 2024, the Company completed its purchase (the “Acquisition”) of Increlex® (“Increlex”) from Ipsen S.A. (“Ipsen”).","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/1710340/000143774925035597/0001437749-25-035597-index.htm","comparable_excerpt":"the Company acquired (the “Acquisition”) all\nthe issued and outstanding membership interests of RPD (the “Membership Interests”) from Abundia Financial for the consideration\nof $4,040,000, payable in the form of a senior secured convertible cote (the “Convertible Note”). The Convertible Note is\nsecured, and in connection therewith, the parties entered into a","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1156041/000149315226014820/0001493152-26-014820-index.htm"}},{"accession":"0001437749-26-015616","ticker":"GTN","company_name":"GRAY MEDIA, INC","filed_at":"2026-05-07T23:59:59+00:00","headline":"Gray Media closes $171M station acquisition from Allen Media Group","event_type":"m_and_a","sec_items":["2.01","7.01","9.01"],"materiality_score":0.6,"calibrated_materiality_score":0.6,"match_reasons":["same fact type: ma_transaction","same SEC item: 2.01, 9.01","same event type: m_and_a","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-26-015616","json":"https://secwatch.observer/filing/0001437749-26-015616.json","markdown":"https://secwatch.observer/filing/0001437749-26-015616.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/43196/000143774926015616/0001437749-26-015616-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/43196/000143774926015616/gtn20260505c_8k.htm"},"side_by_side_evidence":{"fact_type":"ma_transaction","source_excerpt":"on December 1 9, 2024, the Company completed its purchase (the “Acquisition”) of Increlex® (“Increlex”) from Ipsen S.A. (“Ipsen”).","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/1710340/000143774925035597/0001437749-25-035597-index.htm","comparable_excerpt":"On May 1, 2026, the Company acquired the assets of WAAY (ABC) in Huntsville, Alabama, WSIL (ABC) in Paducah, Kentucky, Cape Girardeau, Missouri, and Harrisburg, Illinois, WEVV (CBS/FOX) in Evansville, Indiana, WFFT (FOX) in Ft. Wayne, Indiana, WCOV (FOX) and WIYE (IND) in Montgomery, Alabama, KADN (FOX) and KLAF (NBC) in Lafayette, Louisiana, and WREX (NBC) in Rockford, Illinois (collectively, together with the Allen 3, the “Allen Media Stations”) from AMG for a purchase price of $115 million plus working capital adjustments, which was funded using the Company’s available cash on hand.","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/43196/000143774926015616/0001437749-26-015616-index.htm"}}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}