{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-21-018365","form_type":"8-K","ticker":"BWMG","cik":"0001166708","company_name":"Brownie's Marine Group, Inc","filed_at":"2021-08-03T23:59:59+00:00","discovered_at":"2026-05-14T18:04:17.345668+00:00","generated_at":"2026-06-29T23:07:09.523069+00:00","sec_items":["1.01","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Brownie's Marine signs binding term sheet to acquire Submersible Systems for $1.75M","bullets":["Acquires all membership interests of Submersible Systems, LLC, which designs/manufactures scuba, diving, and rescue equipment.","Total purchase price of $1,750,000: $350,000 in convertible notes (8% interest, 3-year) and $1,400,000 in common stock.","Closing expected by August 31, 2021, subject to due diligence and definitive agreements.","Shares subject to leak-out restrictions: 12.5% after 6 months, 25% after 9 months, 75% after 24 months, 100% after 36 months.","Non-compete for 5 years from Rick Kearney; license of Nomad trademark and Snorkelator/Easy Dive IP."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-21-018365","json":"https://secwatch.observer/filing/0001493152-21-018365.json","markdown":"https://secwatch.observer/filing/0001493152-21-018365.md","text":"https://secwatch.observer/filing/0001493152-21-018365.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1166708/000149315221018365/0001493152-21-018365-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1166708/000149315221018365/forrn8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-29T23:07:09.523069+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}