{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-26-058605","form_type":"8-K","ticker":"SKYE","cik":"0001516551","company_name":"Skye Bioscience, Inc.","filed_at":"2026-08-24T20:02:08+00:00","discovered_at":"2026-08-24T20:03:08.704362+00:00","generated_at":"2026-08-24T20:03:16.619900+00:00","sec_items":["1.01","3.02","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Skye Bioscience enters $22M ELOC with Redmile; warrant for $5M shares","bullets":["ELOC facility up to $22M for common/non-voting common stock; $2M/month cap over 3-year term, pricing at lesser of PIPE price or Market Price (floor 90% of PIPE price).","ELOC reduced if Funded PIPE Amount exceeds $103M and eliminated entirely if it reaches $125M.","Warrant for $5M / PIPE Price shares issued at closing; exercisable Jan 1, 2027 through Jan 1, 2030 at floor 90% of PIPE price, subject to 9.99% beneficial ownership limit.","Issuance capped at 19.99% of outstanding shares (7,080,740) unless stockholder approval obtained or average price ≥ $0.2804.","Registration Rights Agreement requires S-1 filing within 10 business days of closing; facility terminates on Redx transaction close or completion of other financings."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-26-058605","json":"https://secwatch.observer/filing/0001628280-26-058605.json","markdown":"https://secwatch.observer/filing/0001628280-26-058605.md","text":"https://secwatch.observer/filing/0001628280-26-058605.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1516551/000162828026058605/0001628280-26-058605-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1516551/000162828026058605/skye-20260821.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-08-24T20:03:16.619900+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"}