{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-24-020689","form_type":"8-K","ticker":null,"cik":"0001353538","company_name":"Appgate, Inc.","filed_at":"2024-05-06T23:59:59+00:00","discovered_at":"2026-05-14T18:03:18.058995+00:00","generated_at":"2026-06-02T21:52:07.425270+00:00","sec_items":["1.01","2.03","1.03","2.04","3.02","5.02","7.01","8.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.95,"calibrated_materiality_score":0.95,"confidence":"high","headline":"Appgate files Chapter 11 bankruptcy, restructuring deal wipes out equity holders","bullets":["Filed Chapter 11 on May 6, 2024 in Delaware; seeks joint administration as 'In re Appgate, Inc., et al.'","Restructuring Support Agreement with 100% of 1L/2L noteholders, 100% 3L RCF lender, ~89% equityholders.","Plan: 1L/2L noteholders get pro-rata equity in reorganized company; equity interests cancelled with no distribution.","DIP Credit Agreement provides $18M superpriority secured facility to fund Chapter 11 operations and working capital.","Additional Notes issued totaling $18.2M gross proceeds in April-May 2024; amendment raised capacity to $30M."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-24-020689","json":"https://secwatch.observer/filing/0001628280-24-020689.json","markdown":"https://secwatch.observer/filing/0001628280-24-020689.md","text":"https://secwatch.observer/filing/0001628280-24-020689.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1353538/000162828024020689/0001628280-24-020689-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1353538/000162828024020689/apgt-20240430.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T21:52:07.425270+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":"7bf65bb7c689dd255db493b51710ae4b4734ea31","claim":"Appgate, Inc. entered chapter 11 in United States Bankruptcy Court for the District of Delaware (petition 2024-05-06).","evidence_excerpt":"On May 6, 2024 (the “ Petition Date ”), Appgate and certain of its subsidiaries (collectively, the “ Debtors ”) filed voluntary petitions (the “ Bankruptcy Petitions ,” and the cases commenced thereby, the “ Chapter 11 Cases ”) for relief under Chapter 11 of the United States Bankruptcy Code (the “ Bankruptcy Code ”) in the United States Bankruptcy Court for the 2 District of Delaware (the “ Bankruptcy Court ”).","evidence_source":"SEC 8-K Item 1.03","evidence_url":"https://www.sec.gov/Archives/edgar/data/1353538/000162828024020689/0001628280-24-020689-index.htm","confidence":0.99,"family_label":"Distress & Bankruptcy","details":[{"label":"Proceeding","value":"chapter 11"},{"label":"Court","value":"United States Bankruptcy Court for the District of Delaware"},{"label":"Petition","value":"2024-05-06"}],"fact_type":"distress_event"},{"claim_id":"6f07a9c36d","claim":"Steven Panagos was appointed as Director at Appgate, Inc..","evidence_excerpt":"On May 2, 2024, the Company appointed Jeanne Manischewitz and Steven Panagos to the Company’s Board of Directors.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1353538/000162828024020689/0001628280-24-020689-index.htm","confidence":1.0,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"81f53779a4","claim":"Jeanne Manischewitz was appointed as Director at Appgate, Inc..","evidence_excerpt":"On May 2, 2024, the Company appointed Jeanne Manischewitz and Steven Panagos to the Company’s Board of Directors.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1353538/000162828024020689/0001628280-24-020689-index.htm","confidence":1.0,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"450fa7e7da1039c952e9929138aac1b9bb2e2f84","claim":"Appgate, Inc. amended A&R Note Issuance Agreement with Magnetar Financial LLC (effective 2024-05-02).","evidence_excerpt":"(“ ES Colombia ” and, collectively with the Domestic Subsidiary Guarantors, Appgate and ES Japan, the “ Note Guarantors ”), Magnetar Financial LLC (collectively with its affiliates, “ Magnetar ”), as representative of the lenders, (the “ Lenders ”) party to that certain A&R Note Purchase Agreement, dated June 9, 2023, by and among Legacy Appgate and the Lenders (the “ A&R Note Purchase Agreement ”), and U.S.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1353538/000162828024020689/0001628280-24-020689-index.htm","confidence":0.85,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"Magnetar Financial LLC"},{"label":"Effective","value":"2024-05-02"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}