{"schema_version":"secwatch.filing_event.v1","accession":"0001558370-24-006331","form_type":"8-K","ticker":"STKS","cik":"0001399520","company_name":"ONE Group Hospitality, Inc.","filed_at":"2024-05-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:18.241840+00:00","generated_at":"2026-06-03T02:33:42.147328+00:00","sec_items":["1.01","2.01","2.03","3.02","5.02","5.03","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"STKS completes $365M acquisition of Benihana owner, appoints new directors","bullets":["Acquired Safflower Holdings Corp. (owner of Benihana and RA Sushi) for $365M cash, funded via $350M term loan and $160M preferred stock/warrants.","Entered $350M senior secured term loan with Deutsche Bank, HPS, HG Vora; plus $40M revolver.","Issued $160M Series A Preferred and warrants to Hill Path and HPS; warrants at $0.01 and $10 exercise prices.","Appointed Scott Ross and James Chambers (Hill Path Capital) to the Board of Directors.","Q1 2024 earnings call scheduled for May 7, 2024 at 4:30 PM ET."],"urls":{"canonical":"https://secwatch.observer/filing/0001558370-24-006331","json":"https://secwatch.observer/filing/0001558370-24-006331.json","markdown":"https://secwatch.observer/filing/0001558370-24-006331.md","text":"https://secwatch.observer/filing/0001558370-24-006331.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1399520/000155837024006331/0001558370-24-006331-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1399520/000155837024006331/stks-20240501x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T02:33:42.147328+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":"1dc873ac1d","claim":"James Chambers was appointed as Director at ONE Group Hospitality, Inc..","evidence_excerpt":"James Chambers and Scott Ross were appointed as Class I and Class III directors, respectively, to the Company’s Board of Directors","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1399520/000155837024006331/0001558370-24-006331-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"78a71d67ae","claim":"Scott Ross was appointed as Director at ONE Group Hospitality, Inc..","evidence_excerpt":"James Chambers and Scott Ross were appointed as Class I and Class III directors, respectively, to the Company’s Board of Directors","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1399520/000155837024006331/0001558370-24-006331-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"78055f1974abde9524967a3a59209dbc4a1ce4a9","claim":"ONE Group Hospitality, Inc. completed an acquisition involving Safflower Holdings LLC for $365.0 million in cash (closed 2024-05-01).","evidence_excerpt":"On the Closing Date, the Company acquired 100% of the issued and outstanding equity interests of Safflower Holdings Corp. from Safflower Holdings LLC, for $365.0 million in cash, subject to customary adjustments for indebtedness, cash, net working capital and seller transaction expenses (the “Acquisition”).","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1399520/000155837024006331/0001558370-24-006331-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"acquisition"},{"label":"Counterparty","value":"Safflower Holdings LLC"},{"label":"Consideration","value":"$365.0 million in cash"},{"label":"Closing","value":"2024-05-01"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}