{"schema_version":"secwatch.filing_event.v1","accession":"0001558370-22-014629","form_type":"8-K","ticker":"FENC","cik":"0001211583","company_name":"FENNEC PHARMACEUTICALS INC.","filed_at":"2022-09-26T23:59:59+00:00","discovered_at":"2026-05-14T18:03:55.156473+00:00","generated_at":"2026-06-23T07:24:23.964395+00:00","sec_items":["1.01","2.03","3.02","8.01","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Fennec closes $20M second tranche of Petrichor notes triggered by FDA approval of PEDMARK","bullets":["Second closing of $20M senior secured convertible notes funded after FDA approved PEDMARK on Sept 20, 2022.","Notes convert at $7.89/share, a 20% premium to 5-day VWAP prior to approval; maturity Aug 19, 2027.","Interest at greater of Prime or 3.5% plus 4.5% margin; first 24 months' 3.5% interest paid-in-kind.","Company may draw up to an additional $20M before Dec 31, 2023 upon mutual agreement with Petrichor.","Commitment fee of 2% paid in warrants exercisable at $8.11 with 5-year term."],"urls":{"canonical":"https://secwatch.observer/filing/0001558370-22-014629","json":"https://secwatch.observer/filing/0001558370-22-014629.json","markdown":"https://secwatch.observer/filing/0001558370-22-014629.md","text":"https://secwatch.observer/filing/0001558370-22-014629.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1211583/000155837022014629/0001558370-22-014629-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1211583/000155837022014629/fencf-20220926x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-23T07:24:23.964395+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"}