{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-24-001662","form_type":"8-K","ticker":null,"cik":"0001353538","company_name":"Appgate, Inc.","filed_at":"2024-01-18T23:59:59+00:00","discovered_at":"2026-05-14T18:03:23.928292+00:00","generated_at":"2026-06-06T21:49:06.362634+00:00","sec_items":["1.01","2.03","3.02","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Appgate amends note agreement; lender gets budget veto; issues $4M in additional notes","bullets":["Magnetar obtains sole discretion to approve cash spending budget for Appgate and subsidiaries.","Lenders purchased $4.0M of Additional Notes on Jan 11, 2024 under existing A&R Note Purchase Agreement.","Amendment restricts cash management; company must comply with Magnetar-approved budget.","$4M note issuance is unregistered, relying on Section 4(a)(2) exemption; notes convertible to common stock."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-24-001662","json":"https://secwatch.observer/filing/0001628280-24-001662.json","markdown":"https://secwatch.observer/filing/0001628280-24-001662.md","text":"https://secwatch.observer/filing/0001628280-24-001662.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1353538/000162828024001662/0001628280-24-001662-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1353538/000162828024001662/apgt-20240111.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T21:49:06.362634+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":"caecc30ae8b4efde315e5e54e4478dc6fa8cd432","claim":"Appgate, Inc. incurred convertible notes of $4,000,000 with Magnetar Financial LLC at Not specified maturing Not specified (under existing notes due 2026).","evidence_excerpt":"On January 11, 2024, the Lenders exercised their option to purchase an aggregate amount of $4,000,000 of Additional Notes. As a result, Appgate received $4,000,000 in gross proceeds.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1353538/000162828024001662/0001628280-24-001662-index.htm","confidence":0.95,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"$4,000,000"},{"label":"Counterparty","value":"Magnetar Financial LLC"},{"label":"Rate","value":"Not specified"},{"label":"Maturity","value":"Not specified (under existing notes due 2026)"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}