{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-25-005930","form_type":"8-K","ticker":"PIII","cik":"0001832511","company_name":"P3 Health Partners Inc.","filed_at":"2025-02-18T23:59:59+00:00","discovered_at":"2026-05-14T18:03:05.161688+00:00","generated_at":"2026-05-26T17:23:37.597208+00:00","sec_items":["1.01","2.03","3.02","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"P3 Health Partners secures $30M loan at 19.5% interest, issues warrants for 71.4M shares","bullets":["$30M unsecured promissory note from VBC Growth SPV 4 (affiliate of principal stockholder), drawn in two $15M tranches.","Interest at 19.5% per annum; company may pay 8% cash + 11.5% PIK or all in-kind if subordination restricts cash.","Warrants to buy 71,406,480 shares at $0.2068 per share, exercisable only after stockholder approval sought at 2025 annual meeting.","Maturity August 13, 2028; up-front fee 1.5% of $30M; back-end fee up to 9.0% depending on repayment timing.","Proceeds fund working capital; note is subordinated to existing CRG term loan facility."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-25-005930","json":"https://secwatch.observer/filing/0001628280-25-005930.json","markdown":"https://secwatch.observer/filing/0001628280-25-005930.md","text":"https://secwatch.observer/filing/0001628280-25-005930.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1832511/000162828025005930/0001628280-25-005930-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1832511/000162828025005930/piii-20250213.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-26T17:23:37.597208+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"}