{"schema_version":"secwatch.filing_event.v1","accession":"0001805833-23-000159","form_type":"8-K","ticker":"SST","cik":"0001805833","company_name":"System1, Inc.","filed_at":"2023-09-06T23:59:59+00:00","discovered_at":"2026-05-14T18:03:35.329637+00:00","generated_at":"2026-06-10T23:33:11.252101+00:00","sec_items":["7.01","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"System1 receives $240M non-binding offer for Total Security from Just Develop It","bullets":["Offer: $240M cash, assumption of earnout obligations, and repurchase of ~29M SST shares held by Just Develop It.","Special committee of board formed; retained Solomon Partners and Weil, Gotshal as advisors to evaluate offer and alternatives.","Transaction non-binding; no assurance of completion; System1 will not update unless required by law.","Target is Total Security, System1's subscription offering, valued at $240M cash component."],"urls":{"canonical":"https://secwatch.observer/filing/0001805833-23-000159","json":"https://secwatch.observer/filing/0001805833-23-000159.json","markdown":"https://secwatch.observer/filing/0001805833-23-000159.md","text":"https://secwatch.observer/filing/0001805833-23-000159.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1805833/000180583323000159/0001805833-23-000159-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1805833/000180583323000159/sst-20230906.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-10T23:33:11.252101+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}