{"schema_version":"secwatch.filing_event.v1","accession":"0001516551-23-000016","form_type":"8-K","ticker":"SKYE","cik":"0001516551","company_name":"Skye Bioscience, Inc.","filed_at":"2023-01-27T23:59:59+00:00","discovered_at":"2026-05-14T18:03:45.349871+00:00","generated_at":"2026-06-20T07:10:21.156467+00:00","sec_items":["1.01","7.01","9.01"],"event_type":"litigation","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Skye Bioscience faces $4.85M jury verdict in wrongful termination case; amends Verdeilite sale terms","bullets":["Jury awards Wendy Cunning $512,500 economic, $840,960 non-economic, and $3.5M punitive damages; company plans to appeal.","Amendment to Verdeilite stock purchase agreement reduces purchase price by ~$30k and adjusts payment terms to 5 monthly installments starting Dec 31, 2023.","Buyer must use best efforts to obtain ~$123k C3 Excise Bond refund from Canada Revenue Agency and remit to Emerald Health.","Exhibit shows total purchase consideration remains ~CAD$12.71M, with deferred payments bearing interest up to Prime +5.55%."],"urls":{"canonical":"https://secwatch.observer/filing/0001516551-23-000016","json":"https://secwatch.observer/filing/0001516551-23-000016.json","markdown":"https://secwatch.observer/filing/0001516551-23-000016.md","text":"https://secwatch.observer/filing/0001516551-23-000016.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1516551/000151655123000016/0001516551-23-000016-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1516551/000151655123000016/skye-20230126.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-20T07:10:21.156467+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":"5ef20a98ea89bee79f230028e9869bb027a2fea4","claim":"Skye Bioscience, Inc. amended SPA Amendment with C3 Souvenir Holding, Inc. (Purchaser) and certain other related parties valued at approximately USD$30,000 (effective 2023-01-26).","evidence_excerpt":"On January 26, 2023, EHT, Purchaser, and certain other related parties entered into an amendment to the Verdélite SPA (the \"SPA Amendment\")","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1516551/000151655123000016/0001516551-23-000016-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"asset purchase"},{"label":"Counterparty","value":"C3 Souvenir Holding, Inc. (Purchaser) and certain other related parties"},{"label":"Value","value":"approximately USD$30,000"},{"label":"Effective","value":"2023-01-26"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}