{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-25-020664","form_type":"8-K","ticker":"SST","cik":"0001805833","company_name":"System1, Inc.","filed_at":"2025-04-29T23:59:59+00:00","discovered_at":"2026-05-14T18:02:49.799041+00:00","generated_at":"2026-05-23T04:03:29.354108+00:00","sec_items":["3.02","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"System1 sells 4.5M shares at $0.50 in private placement raising $2.25M","bullets":["Agreement with The Blend Family Foundation for 4.5M shares of Class A common at $0.50/share.","Gross proceeds of $2.25 million; closing subject to conditions in the purchase agreement.","Shares issued as unregistered sale under Section 4(a)(2) of the Securities Act to an accredited investor.","Net proceeds to be used for general corporate purposes."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-25-020664","json":"https://secwatch.observer/filing/0001628280-25-020664.json","markdown":"https://secwatch.observer/filing/0001628280-25-020664.md","text":"https://secwatch.observer/filing/0001628280-25-020664.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1805833/000162828025020664/0001628280-25-020664-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1805833/000162828025020664/sst-20250428.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-23T04:03:29.354108+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"}