{"schema_version":"secwatch.filing_event.v1","accession":"0001558370-23-005992","form_type":"8-K","ticker":"PRCH","cik":"0001784535","company_name":"Porch Group, Inc.","filed_at":"2023-04-17T23:59:59+00:00","discovered_at":"2026-05-14T18:03:40.557260+00:00","generated_at":"2026-06-17T01:27:00.869765+00:00","sec_items":["1.01","3.02","7.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Porch Group prices $333M 6.75% convertible notes; repurchases $200M of existing 0.75% notes","bullets":["Aggregate principal $333.334M of 6.75% Senior Secured Convertible Notes due 2028, issued at 95% of par.","Initial conversion price $25.00/share (39.9956 shares per $1,000 principal).","Concurrent $200M repurchase of existing 0.75% Convertible Senior Notes due 2026.","Net cash proceeds expected ~$100M after repurchases, $10M term loan repayment, and fees.","Closing expected April 20, 2023; notes mature October 1, 2028."],"urls":{"canonical":"https://secwatch.observer/filing/0001558370-23-005992","json":"https://secwatch.observer/filing/0001558370-23-005992.json","markdown":"https://secwatch.observer/filing/0001558370-23-005992.md","text":"https://secwatch.observer/filing/0001558370-23-005992.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1784535/000155837023005992/0001558370-23-005992-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1784535/000155837023005992/prch-20230417x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-17T01:27:00.869765+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":"9a4e2376a16aa8956ae23d404335b9c0841dde14","claim":"Porch Group, Inc. entered into Subscription Agreements with certain institutional investors valued at $333,334,000 (effective 2023-04-17).","evidence_excerpt":"Porch Group, Inc. (“Porch” or the “Company”) entered into convertible note subscription agreements (the “Subscription Agreements”), each dated April 17, 2023, with certain institutional investors (the “Investors”), pursuant to which the Company agreed to issue and sell, in a private placement (the “2028 Notes Offering”) expected to close on April 20, 2023 (the “Closing Date”), $333,334,000 in aggregate principal amount of a new series of 6.75% convertible senior secured notes due 2028 (the “2028 Notes”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1784535/000155837023005992/0001558370-23-005992-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"certain institutional investors"},{"label":"Value","value":"$333,334,000"},{"label":"Effective","value":"2023-04-17"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}