{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-22-015525","form_type":"8-K","ticker":"NMGX","cik":"0000891417","company_name":"Nano Magic Inc.","filed_at":"2022-06-01T23:59:59+00:00","discovered_at":"2026-05-14T18:04:04.180550+00:00","generated_at":"2026-06-25T05:42:25.226896+00:00","sec_items":["1.01","2.01","5.02","7.01","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Nano Magic sells 70% of Applied Nanotech to employees; retains 30% stake","bullets":["Sold 70% of Applied Nanotech to employees Jacque Soptick and Dr. Richard Fink; retains 30% economic interest with consent and tag-along rights.","Purchase price $450,000 promissory note at 7% interest, semi-annual payments increasing to $30,000, final balloon $80,000 due Dec 2029.","Director Howard Westerman resigned May 25; David Sherbin (former SVP, GC of Aptiv) elected to board May 26.","Nano Magic says sale sharpens focus on brand development and own product portfolio."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-22-015525","json":"https://secwatch.observer/filing/0001493152-22-015525.json","markdown":"https://secwatch.observer/filing/0001493152-22-015525.md","text":"https://secwatch.observer/filing/0001493152-22-015525.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/891417/000149315222015525/0001493152-22-015525-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/891417/000149315222015525/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-25T05:42:25.226896+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":"762a3c5f39","claim":"David M. Sherbin was elected as director at Nano Magic Inc..","evidence_excerpt":"On May 26, 2022, our Board elected David M. Sherbin as a director.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/891417/000149315222015525/0001493152-22-015525-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"elected"},{"label":"Role","value":"director"}],"fact_type":"executive_change"},{"claim_id":"a45607aaf7","claim":"Howard Westerman resigned as director at Nano Magic Inc..","evidence_excerpt":"On May 25, 2022, Howard Westerman submitted his resignation as a director.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/891417/000149315222015525/0001493152-22-015525-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"director"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}