{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-23-023574","form_type":"8-K","ticker":"SRXH","cik":"0001471727","company_name":"SRx Health Solutions, Inc.","filed_at":"2023-06-27T23:59:59+00:00","discovered_at":"2026-05-14T18:03:38.963374+00:00","generated_at":"2026-06-13T16:12:17.642472+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Better Choice enters $5M term loan at 10% with Alphia, grants warrants for ~14.8M shares","bullets":["Alphia provides $5M term loan at 10% interest, maturing June 2026; proceeds used to retire Halo's existing credit facility with Wintrust.","Lender receives warrants to purchase up to 14.8M shares at $0.26/sh; Second Tranche warrant subject to stockholder approval; anti-dilution provisions.","Halo enters $4.75M ABL facility with Wintrust (accounts receivable purchase) at minimum 5.5% interest, for working capital.","Loan secured by assets of Better Choice and Halo, including intellectual property; Alphia gets right of first refusal on change-of-control and board observer rights.","New direct manufacturing relationship with Alphia expected to reduce manufacturing costs."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-23-023574","json":"https://secwatch.observer/filing/0001628280-23-023574.json","markdown":"https://secwatch.observer/filing/0001628280-23-023574.md","text":"https://secwatch.observer/filing/0001628280-23-023574.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1471727/000162828023023574/0001628280-23-023574-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1471727/000162828023023574/bttr-20230621.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T16:12:17.642472+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":"9501f55c728f55b5cb271b63b7d6b9e6ecf3c84d","claim":"SRx Health Solutions, Inc. incurred term loan of $5,000,000 with Alphia Inc. at 10% per annum, compounded quarterly maturing June 21, 2026.","evidence_excerpt":"Pursuant to the Term Loan Agreement, Alphia made a term loan to the Company in the original principal amount of $5,000,000 (the “Term Loan”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1471727/000162828023023574/0001628280-23-023574-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"$5,000,000"},{"label":"Counterparty","value":"Alphia Inc."},{"label":"Rate","value":"10% per annum, compounded quarterly"},{"label":"Maturity","value":"June 21, 2026"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"99f698f4e0a54d82c7bef45c4129bf78cc42e220","claim":"SRx Health Solutions, Inc. incurred credit facility of up to $4,750,000 with Wintrust Receivables Finance, a division of Wintrust Bank N.A. at a minimum rate of 5.5% maturing an initial term of two years.","evidence_excerpt":"Wintrust Facility On June 21, 2023, Halo entered into an account purchase agreement (the “AP Agreement”) with Wintrust Receivables Finance, a division of Wintrust Bank N.A. (“Wintrust”) pursuant to which Wintrust will purchase, at its discretion, up to eligible customer invoices and advance up to 75% of the face amount of all purchased invoices up to $4,750,000 (the “Wintrust Facility”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1471727/000162828023023574/0001628280-23-023574-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"up to $4,750,000"},{"label":"Counterparty","value":"Wintrust Receivables Finance, a division of Wintrust Bank N.A."},{"label":"Rate","value":"a minimum rate of 5.5%"},{"label":"Maturity","value":"an initial term of two years"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"5bf95275165f36980f58c37d2794bebdd175cc28","claim":"SRx Health Solutions, Inc. entered into AP Agreement with Wintrust Receivables Finance, a division of Wintrust Bank N.A. valued at up to $4,750,000 (effective 2023-06-21).","evidence_excerpt":"entered into an account purchase agreement (the “AP Agreement”) with Wintrust Receivables Finance, a division of Wintrust Bank N.A. (“Wintrust”)","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1471727/000162828023023574/0001628280-23-023574-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Wintrust Receivables Finance, a division of Wintrust Bank N.A."},{"label":"Value","value":"up to $4,750,000"},{"label":"Effective","value":"2023-06-21"}],"fact_type":"material_agreement"},{"claim_id":"b6eee6c921a15f775f70c19f83d7ae8ec8cbfbec","claim":"SRx Health Solutions, Inc. entered into Term Loan Agreement with Alphia Inc. valued at $5,000,000 (effective 2023-06-21).","evidence_excerpt":"(NYSE: BTTR) (the “Company”), a pet health and wellness company, entered into a term loan credit agreement (the “Term Loan Agreement”) with Alphia Inc. (“Alphia”), a leading custom manufacturer of super-premium pet food in the U.S.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1471727/000162828023023574/0001628280-23-023574-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Alphia Inc."},{"label":"Value","value":"$5,000,000"},{"label":"Effective","value":"2023-06-21"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}