{"schema_version":"secwatch.filing_event.v1","accession":"0001558370-25-008916","form_type":"8-K","ticker":"LVLU","cik":"0001780201","company_name":"Lulu's Fashion Lounge Holdings, Inc.","filed_at":"2025-06-26T23:59:59+00:00","discovered_at":"2026-05-14T18:02:49.683665+00:00","generated_at":"2026-05-18T18:05:25.459364+00:00","sec_items":["1.01","2.03","3.03","5.03","8.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Lulus in default; enters forbearance and 1-for-15 reverse stock split to avoid delisting","bullets":["Reverse stock split 1-for-15 approved, effective July 3, 2025, to regain Nasdaq compliance; shares reduce from 41.5M to 2.8M.","Entered forbearance agreement with Bank of America for credit agreement defaults; forbearance ends Aug 15, 2025.","Minimum liquidity reduced to $1M; company provided two term sheets for refinancing before maturity date.","Forbearance fee of $100,000 payable if not fully repaid by maturity."],"urls":{"canonical":"https://secwatch.observer/filing/0001558370-25-008916","json":"https://secwatch.observer/filing/0001558370-25-008916.json","markdown":"https://secwatch.observer/filing/0001558370-25-008916.md","text":"https://secwatch.observer/filing/0001558370-25-008916.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1780201/000155837025008916/0001558370-25-008916-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1780201/000155837025008916/tmb-20250623x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-18T18:05:25.459364+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":"c8b8a19021767b22b4edc32d625a99a8dc9b7058","claim":"Lulu's Fashion Lounge Holdings, Inc.: Filed Certificate of Amendment to effect a 1-for-15 reverse stock split of common stock (effective 2025-07-03).","evidence_excerpt":"On June 26, 2025, Lulu’s Fashion Lounge Holdings, Inc. (the “Company”) filed a Certificate of Amendment (the “Certificate of Amendment”) to the Company’s Fourth Amended and Restated Certificate of Incorporation (the \"Certificate of Incorporation\") with the Secretary of State of the State of Delaware to effect a 1-for-15 reverse stock split","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1780201/000155837025008916/0001558370-25-008916-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"charter amendment"},{"label":"Effective","value":"2025-07-03"}],"fact_type":"governance_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}