{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-21-031589","form_type":"8-K/A","ticker":"BWMG","cik":"0001166708","company_name":"Brownie's Marine Group, Inc","filed_at":"2021-12-15T23:59:59+00:00","discovered_at":"2026-05-14T18:04:11.756584+00:00","generated_at":"2026-06-28T00:47:26.597909+00:00","sec_items":["9.01","1.01","2.01","2.03","3.02","7.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Brownie's Marine completes acquisition of Submersible Systems for $1.75M; discloses 2020 net loss of $12,502","bullets":["Total cash, stock, and note consideration of $1.75M for Submersible, with $350K 8% convertible notes and 27.3M shares.","Submersible 2020 revenue $1.43M, down from $1.86M in 2019; net loss $12,502 vs prior year net income $79,181.","Submersible designs/sells SpareAir, HEED, Easy Dive breathing systems; assets $982,515, equity $723,610 at Dec 2020.","Notes include quarterly principal payments equal to 50% of Submersible's EBITDA, balloon at maturity Sept 2024.","Leak-out restrictions on merger shares: 12.5% after 6 months, 100% after 36 months."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-21-031589","json":"https://secwatch.observer/filing/0001493152-21-031589.json","markdown":"https://secwatch.observer/filing/0001493152-21-031589.md","text":"https://secwatch.observer/filing/0001493152-21-031589.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1166708/000149315221031589/0001493152-21-031589-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1166708/000149315221031589/form8-ka.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-28T00:47:26.597909+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"}