{"schema_version":"secwatch.filing_event.v1","accession":"0001683168-25-008774","form_type":"8-K","ticker":"ABIT","cik":"0001095146","company_name":"Athena Bitcoin Global","filed_at":"2025-12-01T23:59:59+00:00","discovered_at":"2026-05-14T18:02:38.779720+00:00","generated_at":"2026-05-16T15:50:55.295938+00:00","sec_items":["1.02"],"event_type":"other_material","sentiment":"positive","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Athena Bitcoin Global repays $3M convertible debenture to related-party KGPLA; agreements terminated","bullets":["Voluntarily repaid outstanding ~$3M balance of Amended and Restated Secured Convertible Debenture to KGPLA Holdings LLC.","Repayment terminated Convertible Debenture, Senior Secured Loan, and Security Agreements; all collateral to be released.","Prepayment made with cash on hand; no prepayment penalties incurred.","KGPLA is controlled by former director Mike Komaransky; CI of entity is director Huaxing 'Jason' Lu (related party).","Company used cash on hand, reducing cash reserves by ~$3M."],"urls":{"canonical":"https://secwatch.observer/filing/0001683168-25-008774","json":"https://secwatch.observer/filing/0001683168-25-008774.json","markdown":"https://secwatch.observer/filing/0001683168-25-008774.md","text":"https://secwatch.observer/filing/0001683168-25-008774.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1095146/000168316825008774/0001683168-25-008774-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1095146/000168316825008774/athenabitcoin_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T15:50:55.295938+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":"7f17dc67da3dbc13aea46d65154a907f6bda313e","claim":"Athena Bitcoin Global terminated Amended and Restated Secured Convertible Debenture with KGPLA Holdings LLC valued at approximately $3 million (effective 2025-11-24).","evidence_excerpt":"the obligations and commitments owed by the Company to KGPLA under the (a) Convertible Debenture, (b) a Senior Secured Loan Agreement entered into between KGPLA (and certain other borrowers named therein) and the Company dated May 15, 2023, and (c) a Security Agreement dated May 15, 2023, between KGPLA and the Company, each as amended from time to time, were terminated","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1095146/000168316825008774/0001683168-25-008774-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"termination"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"KGPLA Holdings LLC"},{"label":"Value","value":"approximately $3 million"},{"label":"Effective","value":"2025-11-24"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}