{"schema_version":"secwatch.filing_event.v1","accession":"0001740797-23-000028","form_type":"8-K","ticker":"AVAI","cik":"0001740797","company_name":"AVAI BIO, INC.","filed_at":"2023-04-14T23:59:59+00:00","discovered_at":"2026-05-14T18:03:40.337316+00:00","generated_at":"2026-06-17T02:02:36.723484+00:00","sec_items":["5.03","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Trend Innovations files Certificate of Designation for Series A Preferred Stock issued in Treasure APA","bullets":["Issued 5,000 Series A Preferred shares at $5,000 stated value each to Treasure Drive Ltd. for technology portfolio.","Preferred shares convertible into common at 5% discount to 5-day VWAP, with 4.99% beneficial ownership limit.","If not up-listed to Nasdaq within 9 months, TD can request unwinding of the Treasure APA.","Certificate of Designation filed as Exhibit 3.1; shares have no voting rights and liquidation preference equal to stated value."],"urls":{"canonical":"https://secwatch.observer/filing/0001740797-23-000028","json":"https://secwatch.observer/filing/0001740797-23-000028.json","markdown":"https://secwatch.observer/filing/0001740797-23-000028.md","text":"https://secwatch.observer/filing/0001740797-23-000028.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1740797/000174079723000028/0001740797-23-000028-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1740797/000174079723000028/tren8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-17T02:02:36.723484+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":"ea5cbebd96f99b30a9a39f05c4dcce26b581acff","claim":"AVAI BIO, INC.: Filed Certificate of Designation designating 5,000 shares of Series A Preferred Stock (effective 2023-04-14).","evidence_excerpt":"In connection with the offering, the Company filed a Certificate of Designation to its Articles of Incorporation designating 5,000 shares of its preferred stock.","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1740797/000174079723000028/0001740797-23-000028-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"charter amendment"},{"label":"Effective","value":"2023-04-14"}],"fact_type":"governance_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}