{"schema_version":"secwatch.filing_event.v1","accession":"0001689548-23-000113","form_type":"8-K","ticker":"PRAX","cik":"0001689548","company_name":"Praxis Precision Medicines, Inc.","filed_at":"2023-06-16T23:59:59+00:00","discovered_at":"2026-05-14T18:03:40.051384+00:00","generated_at":"2026-06-13T22:51:52.824958+00:00","sec_items":["1.02"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"confidence":"high","headline":"Praxis terminates $125M ATM equity facility with Jefferies; had raised $42.7M","bullets":["Terminated Open Market Sale Agreement with Jefferies on June 15, 2023; effective after 10 trading days.","Facility allowed sales of up to $125M; company had sold 18,279,207 shares for $42.7M gross proceeds.","No termination penalties; termination is at the company's discretion per Section 7(b)."],"urls":{"canonical":"https://secwatch.observer/filing/0001689548-23-000113","json":"https://secwatch.observer/filing/0001689548-23-000113.json","markdown":"https://secwatch.observer/filing/0001689548-23-000113.md","text":"https://secwatch.observer/filing/0001689548-23-000113.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1689548/000168954823000113/0001689548-23-000113-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1689548/000168954823000113/prax-20230615.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T22:51:52.824958+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":"33cbb40be8572525d54c5159efde9a507c93173e","claim":"Praxis Precision Medicines, Inc. terminated Open Market Sale Agreement with Jefferies LLC (effective 2023-06-15).","evidence_excerpt":"On June 15, 2023, the Company delivered written notice to Jefferies to terminate the Sales Agreement pursuant to Section 7(b) thereof.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1689548/000168954823000113/0001689548-23-000113-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"termination"},{"label":"Agreement","value":"atm program"},{"label":"Counterparty","value":"Jefferies LLC"},{"label":"Effective","value":"2023-06-15"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}