{"schema_version":"secwatch.filing_event.v1","accession":"0001663577-26-000321","form_type":"8-K/A","ticker":"SWRD","cik":"0001795851","company_name":"Stewards, Inc.","filed_at":"2026-10-07T21:25:50+00:00","discovered_at":"2026-10-07T21:28:00.214935+00:00","generated_at":"2026-10-12T15:44:26.005569+00:00","sec_items":["1.01","9.01","2.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.45,"calibrated_materiality_score":0.45,"confidence":"high","headline":"Stewards revises Envy acquisition accounting: 7M escrowed shares become $20.04M redeemable liability","bullets":["Pro forma net loss revised to $29.429M ($0.21/sh) for FY2025 and $14.933M ($0.08/sh) for H1 2026, reflecting ASC 480 treatment of the 7,000,000 escrowed shares.","7,000,000 escrow shares now a current liability at $20.043M fair value — the present value of seven $3.0M monthly payments due Oct 5, 2026-Apr 5, 2027, discounted at a preliminary 18.0%.","7,263,025 rollover shares recorded in equity at the $2.42 closing price (~$17.577M); total preliminary accounting consideration ~$84.83M; recorded real estate and intangible basis ~$86.682M.","New $47.70M LoanCore Capital Credit REIT loan at one-month Term SOFR 3.9375% plus 3.60% (7.5375% total), amortizing $0.75M issuance costs over 24 months; refinanced $44.56M mortgage.","Acquired 214-unit Pompano Beach apartment community, 26-slip marina and three-story commercial center; $90.0M contractual price unchanged; late payments trigger $1,000/day liquidated damages."],"urls":{"canonical":"https://secwatch.observer/filing/0001663577-26-000321","json":"https://secwatch.observer/filing/0001663577-26-000321.json","markdown":"https://secwatch.observer/filing/0001663577-26-000321.md","text":"https://secwatch.observer/filing/0001663577-26-000321.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1795851/000166357726000321/0001663577-26-000321-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1795851/000166357726000321/swrd8ka_100726.htm"},"model":{"generated_by":"deepseek-v4.1-flash:cloud@v2","generated_at":"2026-10-12T15:44:26.005569+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"}