{"schema_version":"secwatch.filing_event.v1","accession":"0001615219-25-000072","form_type":"8-K","ticker":"DCOY","cik":"0001615219","company_name":"Decoy Therapeutics Inc.","filed_at":"2025-07-21T23:59:59+00:00","discovered_at":"2026-05-14T18:02:44.487565+00:00","generated_at":"2026-05-18T05:07:02.903095+00:00","sec_items":["1.01","3.03","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Salarius amends merger agreement to allow Decoy noteholders to exchange debt for Series B Preferred","bullets":["Third Amendment dated July 18, 2025 allows holders of Decoy promissory notes to exchange debt for newly created Series B Non-Voting Convertible Preferred Stock.","Series B converts into common shares at a ratio based on the per-share offering price in the required $6.0M Qualified Financing.","Pre-Qualified Financing ownership percentages unchanged: Salarius legacy stockholders retain 7.6%, Decoy legacy stockholders retain 92.4%.","Mandatory redemption requires 50% of net proceeds from ATM draws or equity line of credit to redeem Series B shares until fully redeemed.","Series B conversion requires stockholder approval and Nasdaq initial listing satisfaction; automatic conversion one year after conversion approval date."],"urls":{"canonical":"https://secwatch.observer/filing/0001615219-25-000072","json":"https://secwatch.observer/filing/0001615219-25-000072.json","markdown":"https://secwatch.observer/filing/0001615219-25-000072.md","text":"https://secwatch.observer/filing/0001615219-25-000072.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1615219/000161521925000072/0001615219-25-000072-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1615219/000161521925000072/flks-20250718.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-18T05:07:02.903095+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"}