{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-23-020592","form_type":"8-K","ticker":"OCEA","cik":"0001869974","company_name":"Ocean Biomedical, Inc.","filed_at":"2023-06-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:41.400840+00:00","generated_at":"2026-06-14T05:18:54.424382+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Ocean Biomedical amends loans with McKra ($1M) and Second Street ($1.7M), pays $500K fees, issues 50k shares","bullets":["McKra Loan Amendment: $1M advance at 15% interest; $175K fee due now, $500K partial repayment after first SPA closing.","Second Street Loans Amendment: $1.7M total at 15%; $325K fee due now, $500K partial repayment after first SPA closing.","Company to issue 25,000 shares to each lender (50k total) as extension consideration; registration required within 30 days.","Full repayment plus interest due after second SPA closing or upon capital raise of at least $25M."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-23-020592","json":"https://secwatch.observer/filing/0001493152-23-020592.json","markdown":"https://secwatch.observer/filing/0001493152-23-020592.md","text":"https://secwatch.observer/filing/0001493152-23-020592.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1869974/000149315223020592/0001493152-23-020592-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1869974/000149315223020592/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-14T05:18:54.424382+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":"d3858b24ac7dc54ec2276e8772b62dd561c7ef8c","claim":"Ocean Biomedical, Inc. amended Second Street Loans Amendment (Omnibus Amendment to Loan Agreements) with Second Street Capital, LLC valued at Amendment relates to three loans totaling $1,700,000 at 15% per annum; requires payments totaling $2 (effective 2023-06-02).","evidence_excerpt":"On June 2, 2023, the Company and Second Street Capital, LLC, a California limited liability company (\" Second Street Capital \"), entered into that certain Omnibus Amendment to Loan Agreements, dated June 2, 2023 but effective as of May 12, 2023 (the \" Second Street Loans Amendment \").","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1869974/000149315223020592/0001493152-23-020592-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Second Street Capital, LLC"},{"label":"Value","value":"Amendment relates to three loans totaling $1,700,000 at 15% per annum; requires payments totaling $2"},{"label":"Effective","value":"2023-06-02"}],"fact_type":"material_agreement"},{"claim_id":"dd98af01e5a1f5eee512e9b763af6966d8404fad","claim":"Ocean Biomedical, Inc. amended McKra Loan Amendment with McKra Investments III valued at Amendment relates to a loan of $1,000,000 at 15% per annum; requires payments totaling $675,000 plus (effective 2023-06-02).","evidence_excerpt":"On June 2, 2023, Ocean Biomedical, Inc., a Delaware corporation (the \" Company \"), and McKra Investments III, a California general partnership (\" McKra \"), entered into that certain Amendment to Loan Agreement, dated June 2, 2023 but effective as of May 12, 2023 (the \" McKra Loan Amendment \").","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1869974/000149315223020592/0001493152-23-020592-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"McKra Investments III"},{"label":"Value","value":"Amendment relates to a loan of $1,000,000 at 15% per annum; requires payments totaling $675,000 plus"},{"label":"Effective","value":"2023-06-02"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}