{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-25-053979","form_type":"8-K","ticker":"RICK","cik":"0000935419","company_name":"RCI HOSPITALITY HOLDINGS, INC.","filed_at":"2025-11-25T23:59:59+00:00","discovered_at":"2026-05-14T18:02:42.668860+00:00","generated_at":"2026-05-16T17:11:50.211454+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"RCI Hospitality repurchases 821k shares from ADW Capital for $30M","bullets":["Repurchased 821,000 shares; total consideration $30M: $8M cash plus $22M two-year unsecured note at 12% interest.","Promissory note due Nov 21, 2027; 23 equal monthly payments of $1M principal+interest then lump sum.","Note requires 50% of net cash from asset/subsidiary sales as prepayment; full acceleration on change of control.","Centennial Bank temporarily reduced debt service coverage ratio to 1.25x (vs. 1.40x) through June 30, 2026.","Mutual releases and non-disparagement clauses between RCIH and ADW Parties included in the agreement."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-25-053979","json":"https://secwatch.observer/filing/0001628280-25-053979.json","markdown":"https://secwatch.observer/filing/0001628280-25-053979.md","text":"https://secwatch.observer/filing/0001628280-25-053979.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/935419/000162828025053979/0001628280-25-053979-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/935419/000162828025053979/rick-20251121.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T17:11:50.211454+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":"5c1c47be262eee58f0d58a6fc3bd2b9bd17ac4e7","claim":"RCI HOSPITALITY HOLDINGS, INC. incurred loan of $22,000,000.00 with ADW Capital Partners, L.P. at 12% per annum maturing November 21, 2027.","evidence_excerpt":"Agreement, we purchased 821,000 shares of common stock from the Seller, for a total purchase price of $30,000,000, paid $8,000,000 in cash by wire transfer to Seller, and $22,000,000.00 pursuant to a two-year unsecured promissory note (the “Promissory Note”). The Promissory Note bears interest at the rate of 12% per annum and is payable in 23 equal monthly","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/935419/000162828025053979/0001628280-25-053979-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"$22,000,000.00"},{"label":"Counterparty","value":"ADW Capital Partners, L.P."},{"label":"Rate","value":"12% per annum"},{"label":"Maturity","value":"November 21, 2027"},{"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"}