{"schema_version":"secwatch.filing_event.v1","accession":"0001641172-25-020247","form_type":"8-K","ticker":"ADTI","cik":"0001420924","company_name":"Adapti, Inc.","filed_at":"2025-07-18T23:59:59+00:00","discovered_at":"2026-05-14T18:02:43.951587+00:00","generated_at":"2026-05-18T05:40:05.939343+00:00","sec_items":["1.01","2.01","9.01","2.03","3.02","5.01","5.02","8.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Adapti closes Ballengee Group acquisition; issues 6.5M shares, $7.5M note, up to $20M earnout","bullets":["Acquired 100% of Ballengee Group, a baseball sports agency representing ~200 MLB athletes.","Consideration: 6.5M shares ($20M value), $7.5M participating note (5%, due June 2030), up to $20M earnout based on EBITDA.","Stock consideration gives Sellers 68.63% of post-issuance shares; James Ballengee gains voting control.","Jeff Campbell appointed Executive Chairman; receives $20K/month consulting fee, convertible note arrangements.","Company plans to integrate Ballengee with AdaptAI platform for AI-driven sports marketing."],"urls":{"canonical":"https://secwatch.observer/filing/0001641172-25-020247","json":"https://secwatch.observer/filing/0001641172-25-020247.json","markdown":"https://secwatch.observer/filing/0001641172-25-020247.md","text":"https://secwatch.observer/filing/0001641172-25-020247.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1420924/000164117225020247/0001641172-25-020247-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1420924/000164117225020247/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-18T05:40:05.939343+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":"c46bb0ac1302681def69f302d9855dd1b29fb308","claim":"Adapti, Inc. incurred loan of $7,500,000 with BSG Holdings, LLC and JBAH Holdings, LLC at 5% per annum maturing June 30, 2030.","evidence_excerpt":"participating promissory note having a principal amount of $7,500,000 (the “Note(s)”)","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1420924/000164117225020247/0001641172-25-020247-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"$7,500,000"},{"label":"Counterparty","value":"BSG Holdings, LLC and JBAH Holdings, LLC"},{"label":"Rate","value":"5% per annum"},{"label":"Maturity","value":"June 30, 2030"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"f551830fed905d27c53bc02643d55097c52f30d7","claim":"Adapti, Inc. completed an acquisition involving BSG Holdings, LLC and JBAH Holdings, LLC for 6,500,000 shares of Common Stock valued at $20,000,000, a participating promissory note with principal of $7,500,000, and up to $20,000,000 in earnout considera (closed 2025-07-14).","evidence_excerpt":"the acquisition of the Membership Interest, the Company is required to pay the Sellers, pro rata, the following aggregate consideration (collectively, the “Consideration”): (i) 6,500,000 shares of the Company’s common stock, par value $0.001 per share (“Common Stock”) valued at $20,000,000, based on the volume-weighted average price per share of the Common Stock","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1420924/000164117225020247/0001641172-25-020247-index.htm","confidence":0.98,"family_label":"M&A Transactions","details":[{"label":"Action","value":"acquisition"},{"label":"Counterparty","value":"BSG Holdings, LLC and JBAH Holdings, LLC"},{"label":"Consideration","value":"6,500,000 shares of Common Stock valued at $20,000,000, a participating promissory note with principal of $7,500,000, and up to $20,000,000 in earnout considera"},{"label":"Closing","value":"2025-07-14"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}