{"schema_version":"secwatch.filing_event.v1","accession":"0001715768-23-000112","form_type":"8-K","ticker":null,"cik":"0001715768","company_name":"Transphorm, Inc.","filed_at":"2023-12-28T23:59:59+00:00","discovered_at":"2026-05-14T18:03:30.156664+00:00","generated_at":"2026-06-07T06:24:21.411577+00:00","sec_items":["1.01","2.01","2.03","3.02","3.03","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Transphorm raises $3.0M via warrant exercise, $2.1M via equipment sale to extend runway","bullets":["Entered inducement letters with existing investors to exercise 1,069,272 warrants at lowered $2.80/share, raising $3.0M in cash.","Issued new warrants exercisable at $3.80/share, expiring Dec 2026, covering same number of shares.","Sold wafer equipment to GlobalWafers for $2.1M; repurchase option within 1 year at 7.5% annualized cost.","Proceeds from both transactions used for working capital and to extend runway during strategic review managed by BofA Securities.","Strategic review process previously disclosed; no transaction guaranteed."],"urls":{"canonical":"https://secwatch.observer/filing/0001715768-23-000112","json":"https://secwatch.observer/filing/0001715768-23-000112.json","markdown":"https://secwatch.observer/filing/0001715768-23-000112.md","text":"https://secwatch.observer/filing/0001715768-23-000112.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1715768/000171576823000112/0001715768-23-000112-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1715768/000171576823000112/tgan-20231221.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T06:24:21.411577+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":"b5dc9c78879c81b0b6bbdb3deee7b26a7866aad8","claim":"Transphorm, Inc. amended debt of $2.1 million with GlobalWafers Co., Ltd. at 7.5% maturing one year from the Effective Date.","evidence_excerpt":"Agreement ”) with GlobalWafers Co., Ltd. (the “Buyer”), wherein the Company sold certain equipment associated with wafer manufacturing (the \"Equipment\") to the Buyer for $2.1 million (the “Purchase Price”). The Equipment Agreement contains an option for the Company to repurchase the Equipment at any time within one year of the Effective Date at the Purchase","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1715768/000171576823000112/0001715768-23-000112-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Principal","value":"$2.1 million"},{"label":"Counterparty","value":"GlobalWafers Co., Ltd."},{"label":"Rate","value":"7.5%"},{"label":"Maturity","value":"one year from the Effective Date"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"},{"claim_id":"2c7cc10572252481ff262bbd3126ffbb5761d0e9","claim":"Transphorm, Inc. entered into Equipment Purchase and Sale Agreement with GlobalWafers Co., Ltd. valued at Company sold certain equipment associated with wafer manufacturing for $2.1 million; includes option (effective 2023-12-21).","evidence_excerpt":"On December 21, 2023 (the “Effective Date”), the Company entered into an Equipment Purchase and Sale Agreement (the “ Equipment Agreement ”) with GlobalWafers Co., Ltd. (the “Buyer”), wherein the Company sold certain equipment associated with wafer manufacturing (the \"Equipment\") to the Buyer for $2.1 million (the “Purchase Price”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1715768/000171576823000112/0001715768-23-000112-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"asset purchase"},{"label":"Counterparty","value":"GlobalWafers Co., Ltd."},{"label":"Value","value":"Company sold certain equipment associated with wafer manufacturing for $2.1 million; includes option"},{"label":"Effective","value":"2023-12-21"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}