{"schema_version":"secwatch.filing_event.v1","accession":"0001641172-25-012512","form_type":"8-K","ticker":"BNKK","cik":"0001760903","company_name":"BONK, INC.","filed_at":"2025-05-27T23:59:59+00:00","discovered_at":"2026-05-14T18:02:49.618874+00:00","generated_at":"2026-05-20T11:03:06.280209+00:00","sec_items":["1.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Safety Shot settles $14.58M in liabilities via equity issuance to Silverback Capital","bullets":["Court approved May 20, 2025; company to issue freely trading shares under Section 3(a)(10) to settle $14,580,395.73 in liabilities.","Share count variable: claim amount divided by purchase price (starting at closing price, floor $0.20, adjusted to 70% of market if price drops).","Company must reserve at least 23M shares; as of May 9, 2025, 76M shares outstanding, 250M authorized.","Settlement includes 250,000 fee shares; SCC subject to 4.99% beneficial ownership limit per tranche.","Potential for significant dilution; price floor mechanism protects SCC if stock declines further."],"urls":{"canonical":"https://secwatch.observer/filing/0001641172-25-012512","json":"https://secwatch.observer/filing/0001641172-25-012512.json","markdown":"https://secwatch.observer/filing/0001641172-25-012512.md","text":"https://secwatch.observer/filing/0001641172-25-012512.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1760903/000164117225012512/0001641172-25-012512-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1760903/000164117225012512/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-20T11:03:06.280209+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"}