{"schema_version":"secwatch.filing_event.v1","accession":"0001683168-25-001986","form_type":"8-K","ticker":null,"cik":"0001854583","company_name":"Collective Audience, Inc.","filed_at":"2025-03-28T23:59:59+00:00","discovered_at":"2026-05-14T18:03:05.327658+00:00","generated_at":"2026-05-24T03:19:43.008320+00:00","sec_items":["1.01","3.02","5.01","5.03","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"Collective Audience loses control to Abri after debt-for-equity conversions, Abri now owns 92.38% of common stock","bullets":["Abri converted $648k debt into 102M shares on Feb 11, gaining 83.85% control; further conversions raised stake to 92.38%.","Additional exchanges: $1M debt for 39.35M common shares; $2.63M debt for 21,033 Series A Preferred; CEO Bordes exchanged $300k for 7,978 Series A Preferred.","Series A Preferred created with 18% cumulative dividends, 10 votes/share, 10x liquidation preference, and veto over major corporate actions.","Abri now owns 92.38% of common stock; company must seek Abri consent for borrowing over $50k, mergers, stock issuance, and more."],"urls":{"canonical":"https://secwatch.observer/filing/0001683168-25-001986","json":"https://secwatch.observer/filing/0001683168-25-001986.json","markdown":"https://secwatch.observer/filing/0001683168-25-001986.md","text":"https://secwatch.observer/filing/0001683168-25-001986.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1854583/000168316825001986/0001683168-25-001986-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1854583/000168316825001986/collective_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-24T03:19:43.008320+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":"f9397ef9d41b4e190bbe2df923096d1f5db3711f","claim":"Collective Audience, Inc. underwent a change of control involving Abri Ventures I, LLC (closed 2025-02-11).","evidence_excerpt":"immediately after the issuance of the Conversion 1 Shares, Abri owned 83.85% of the Company’s outstanding Common Stock, resulting in a change in control of the Company.","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1854583/000168316825001986/0001683168-25-001986-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"change of control"},{"label":"Counterparty","value":"Abri Ventures I, LLC"},{"label":"Closing","value":"2025-02-11"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}