{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-26-020931","form_type":"8-K","ticker":"SCNX","cik":"0001382574","company_name":"Scienture Holdings, Inc.","filed_at":"2026-05-01T23:59:59+00:00","discovered_at":"2026-05-14T18:02:32.215384+00:00","generated_at":"2026-05-15T00:15:57.045456+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Scienture Holdings secures $11M secured note financing from Streeterville Capital","bullets":["$8.42M A-1 Note (net $8M after $400K OID) and $3M B Note issued; total proceeds $11M.","A-1 Note bears 9% interest, 18-month maturity; B Note bears 5% interest, 18-month maturity, funds held in DACA.","B Note may be exchanged for additional A Notes in $1M increments as A-1 balance reduces.","After 8 months, Lender can redeem up to $175k/month or 10% daily volume if stock >20% above min price.","Proceeds for working capital, commercialization, product development, and general corporate purposes."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-26-020931","json":"https://secwatch.observer/filing/0001493152-26-020931.json","markdown":"https://secwatch.observer/filing/0001493152-26-020931.md","text":"https://secwatch.observer/filing/0001493152-26-020931.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1382574/000149315226020931/0001493152-26-020931-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1382574/000149315226020931/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T00:15:57.045456+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":"62912f39a5867a992c89d4bdf30142ad3ff0e37f","claim":"Scienture Holdings, Inc. incurred loan of $3 million with Streeterville Capital, LLC at 5% per annum maturing eighteen months following the date of issuance.","evidence_excerpt":"On April 27, 2026, Scienture Holdings, Inc. (the “ Company ”) entered into and closed on a note purchase agreement (the “ Purchase Agreement ”) with Streeterville Capital, LLC, (the “ Lender ”) providing for the issuance of two secured promissory notes: (i) a Secured Promissory Note A-1 in the original principal amount of $8.42 million (the “ A-1 Note ”) and (ii) a Secured Promissory Note B in the original principal amount of $3 million (the “ B Note ”). The A-1 Note carries an original issue discount of $400,000 and the Company agreed to pay $20,000 to the Lender to cover the Lender’s transaction costs. The B Note does not carry an original issuance discount. At closing, the Lender paid $8 million to the Company and deposited an additional $3 million into an account at Lakeside Bank owned by the Company’s newly formed wholly-owned subsidiary, SCNX Holdings, LLC, a Utah limited liability company (“ SCNX Sub ”), to be held pursuant to a Deposit Account Control Agreement entered into amo","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1382574/000149315226020931/0001493152-26-020931-index.htm","confidence":1.0,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"$3 million"},{"label":"Counterparty","value":"Streeterville Capital, LLC"},{"label":"Rate","value":"5% per annum"},{"label":"Maturity","value":"eighteen months following the date of issuance"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"a89a540b0c42cd656f653316c58dc8065274efb4","claim":"Scienture Holdings, Inc. incurred loan of $8.42 million with Streeterville Capital, LLC at 9% per annum maturing eighteen months following the date of issuance.","evidence_excerpt":"On April 27, 2026, Scienture Holdings, Inc. (the “ Company ”) entered into and closed on a note purchase agreement (the “ Purchase Agreement ”) with Streeterville Capital, LLC, (the “ Lender ”) providing for the issuance of two secured promissory notes: (i) a Secured Promissory Note A-1 in the original principal amount of $8.42 million (the “ A-1 Note ”) and (ii) a Secured Promissory Note B in the original principal amount of $3 million (the “ B Note ”). The A-1 Note carries an original issue discount of $400,000 and the Company agreed to pay $20,000 to the Lender to cover the Lender’s transaction costs. The B Note does not carry an original issuance discount. At closing, the Lender paid $8 million to the Company and deposited an additional $3 million into an account at Lakeside Bank owned by the Company’s newly formed wholly-owned subsidiary, SCNX Holdings, LLC, a Utah limited liability company (“ SCNX Sub ”), to be held pursuant to a Deposit Account Control Agreement entered into amo","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1382574/000149315226020931/0001493152-26-020931-index.htm","confidence":1.0,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"$8.42 million"},{"label":"Counterparty","value":"Streeterville Capital, LLC"},{"label":"Rate","value":"9% per annum"},{"label":"Maturity","value":"eighteen months following the date of issuance"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}