{"schema_version":"secwatch.filing_event.v1","accession":"0001641172-25-000747","form_type":"8-K","ticker":"OCEA","cik":"0001869974","company_name":"Ocean Biomedical, Inc.","filed_at":"2025-03-26T23:59:59+00:00","discovered_at":"2026-05-14T18:03:05.426907+00:00","generated_at":"2026-05-24T05:15:02.824523+00:00","sec_items":["8.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Ocean Biomedical lowers note conversion price to $0.01 per share on $400K amount","bullets":["Conversion price on $400K promissory note reduced irrevocably from $1.50 to $0.01 per share.","Company may not redeem or prepay the $400K Reduced Conversion Amount.","Note originally issued on May 15, 2023 to an institutional investor.","Change triggers potential dilution by allowing conversion at near-zero price."],"urls":{"canonical":"https://secwatch.observer/filing/0001641172-25-000747","json":"https://secwatch.observer/filing/0001641172-25-000747.json","markdown":"https://secwatch.observer/filing/0001641172-25-000747.md","text":"https://secwatch.observer/filing/0001641172-25-000747.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1869974/000164117225000747/0001641172-25-000747-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1869974/000164117225000747/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-24T05:15:02.824523+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"}