{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-23-015868","form_type":"8-K","ticker":"SDCH","cik":"0001022505","company_name":"SideChannel, Inc.","filed_at":"2023-05-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:37.636721+00:00","generated_at":"2026-06-15T07:49:18.454135+00:00","sec_items":["3.02","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"SideChannel issues 62M shares after SCS revenue milestone; Sellers now own 57.6% of stock","bullets":["SCS achieved $5.7M trailing 12-month revenue, exceeding $5.5M earnout milestone.","Board approved issuance of 62,016,618 common shares to Sellers (Second Tranche + working capital adjustment).","Sellers now hold ~57.6% of 211,587,899 outstanding shares as of May 4, 2023.","Shares subject to lock-up: no sales for 24 months from July 2022, but 20% can be sold after 12 months (after July 2023)."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-23-015868","json":"https://secwatch.observer/filing/0001493152-23-015868.json","markdown":"https://secwatch.observer/filing/0001493152-23-015868.md","text":"https://secwatch.observer/filing/0001493152-23-015868.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1022505/000149315223015868/0001493152-23-015868-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1022505/000149315223015868/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T07:49:18.454135+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"}