{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-25-001536","form_type":"8-K","ticker":"PRSI","cik":"0000079661","company_name":"PORTSMOUTH SQUARE INC","filed_at":"2025-01-10T23:59:59+00:00","discovered_at":"2026-05-14T18:03:06.368331+00:00","generated_at":"2026-05-28T05:58:19.929171+00:00","sec_items":["2.04","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Portsmouth Square receives loan default notice; $97M debt may be accelerated","bullets":["Notice of termination event received Jan 3, 2025; Justice failed to pay $97M principal by forbearance deadline Jan 1.","Outstanding senior loan $78,640,922 and mezzanine loan $27,501,893 as of filing date.","Lenders can accelerate loans and foreclose; company cannot predict timing of enforcement.","Refinancing efforts with Hart Advisors and PCCP ongoing; no assurance of favorable resolution."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-25-001536","json":"https://secwatch.observer/filing/0001493152-25-001536.json","markdown":"https://secwatch.observer/filing/0001493152-25-001536.md","text":"https://secwatch.observer/filing/0001493152-25-001536.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/79661/000149315225001536/0001493152-25-001536-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/79661/000149315225001536/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-28T05:58:19.929171+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"}