{"schema_version":"secwatch.filing_event.v1","accession":"0001641172-25-022354","form_type":"8-K","ticker":"PULM","cik":"0001574235","company_name":"Pulmatrix, Inc.","filed_at":"2025-08-06T23:59:59+00:00","discovered_at":"2026-05-14T18:02:44.398460+00:00","generated_at":"2026-05-17T19:27:00.801438+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Pulmatrix reports Q2 2025 net loss $1.5M; merger with Cullgen expected 2025; plans divestment of iSPERSE assets","bullets":["Revenue fell to $0 from $1.6M in Q2 2024 due to PUR1900 wind-down; net loss $1.549M ($0.42 per share).","Cash and equivalents $5.825M; company expects funds to last through expected close of proposed Cullgen merger.","Proposed merger with Cullgen approved by stockholders; closing in 2025 subject to Nasdaq and China regulatory approvals.","Pulmatrix intends to divest iSPERSE technology and clinical programs PUR3100, PUR1800, PUR1900 as part of merger.","R&D expenses dropped to $0.1M from $2.8M; G&A decreased to $1.5M from $2.0M."],"urls":{"canonical":"https://secwatch.observer/filing/0001641172-25-022354","json":"https://secwatch.observer/filing/0001641172-25-022354.json","markdown":"https://secwatch.observer/filing/0001641172-25-022354.md","text":"https://secwatch.observer/filing/0001641172-25-022354.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1574235/000164117225022354/0001641172-25-022354-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1574235/000164117225022354/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T19:27:00.801438+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"}