{"schema_version":"secwatch.filing_event.v1","accession":"0001683168-25-001132","form_type":"8-K","ticker":"POCI","cik":"0000867840","company_name":"PRECISION OPTICS CORPORATION, INC.","filed_at":"2025-02-20T23:59:59+00:00","discovered_at":"2026-05-14T18:03:06.557878+00:00","generated_at":"2026-05-26T09:59:39.907644+00:00","sec_items":["1.01","8.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Precision Optics raises $5.1M in registered direct offering at $4.00/share; lender waives covenant default","bullets":["Sold 1,272,500 shares at $4.00 each; gross proceeds ~$5.1M, expected net ~$5.0M.","Proceeds to repay ~$1.15M line of credit, expand facilities, and for working capital.","Main Street Bank waived anticipated covenant default for Jun 30, 2025 for $30,000 fee and equity raise ≥$4.5M by Feb 24.","Line of credit to be paid to $0 from raise; future advances contingent on minimum 1.20x DSCR.","Offering led by existing shareholders; closing expected Feb 21, 2025."],"urls":{"canonical":"https://secwatch.observer/filing/0001683168-25-001132","json":"https://secwatch.observer/filing/0001683168-25-001132.json","markdown":"https://secwatch.observer/filing/0001683168-25-001132.md","text":"https://secwatch.observer/filing/0001683168-25-001132.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/867840/000168316825001132/0001683168-25-001132-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/867840/000168316825001132/poci_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-26T09:59:39.907644+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"}