{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-26-028223","form_type":"8-K","ticker":"NAKA","cik":"0001946573","company_name":"Nakamoto Inc.","filed_at":"2026-06-11T12:13:06+00:00","discovered_at":"2026-06-11T12:15:02.335478+00:00","generated_at":"2026-06-11T12:15:09.916385+00:00","sec_items":["2.03","7.01","8.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Nakamoto reduces debt $45M, extends $105M to 2027, authorizes $25M buyback","bullets":["Repaid $45M of Kraken loan with proceeds from sale of ~600 Bitcoin and derivatives, netting ~$48M.","New loan term sheet: $165M USDT outstanding, with $105M extended to June 30, 2027; interest rate as low as 7.75%.","Expected to reduce annual financing costs by ~$4 million; Bitcoin treasury stands at ~4,467 BTC.","Board authorized $25M share repurchase program through Dec 31, 2026.","Regained Nasdaq minimum bid price compliance on June 9, 2026; matter closed."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-26-028223","json":"https://secwatch.observer/filing/0001493152-26-028223.json","markdown":"https://secwatch.observer/filing/0001493152-26-028223.md","text":"https://secwatch.observer/filing/0001493152-26-028223.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1946573/000149315226028223/0001493152-26-028223-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1946573/000149315226028223/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-11T12:15:09.916385+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":"6fc32f39c7ec56d6e9d404da6df6bf8e1ee85bba","claim":"Nakamoto Inc. incurred loan of principal amount of 165,000,000 USDT with Payward Interactive, Inc., doing business as Kraken at 7.75% per annum maturing 105,000,000 USDT matures on June 30, 2027.","evidence_excerpt":"Pursuant to the June Term Sheet, the Borrower borrowed a fixed-term loan in a principal amount of 165,000,000 USDT (the \" June Loan \")","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1946573/000149315226028223/0001493152-26-028223-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"principal amount of 165,000,000 USDT"},{"label":"Counterparty","value":"Payward Interactive, Inc., doing business as Kraken"},{"label":"Rate","value":"7.75% per annum"},{"label":"Maturity","value":"105,000,000 USDT matures on June 30, 2027"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"72ce3a11adbf91630a536eb4613be52acf153f97","claim":"Nakamoto Inc. amended loan of 165,000,000 USDT with Payward Interactive, Inc., doing business as Kraken at 8.00% per annum maturing 105,000,000 USDT matures on June 30, 2027.","evidence_excerpt":"net proceeds. On June 5, 2026, the Borrower applied $45 million of those net proceeds to reduce the outstanding principal amount of the Restructured Loan from 210,000,000 USDT to 165,000,000 USDT (the “ Partial Repayment ”). June Term Sheet under the Master Loan Agreement with Kraken Following the Partial Repayment, the Borrower and Kraken entered into a subsequent","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1946573/000149315226028223/0001493152-26-028223-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"165,000,000 USDT"},{"label":"Counterparty","value":"Payward Interactive, Inc., doing business as Kraken"},{"label":"Rate","value":"8.00% per annum"},{"label":"Maturity","value":"105,000,000 USDT matures on June 30, 2027"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}