{"schema_version":"secwatch.filing_event.v1","accession":"0001819113-24-000004","form_type":"8-K","ticker":null,"cik":"0001819113","company_name":"Science 37 Holdings, Inc.","filed_at":"2024-02-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:25.673328+00:00","generated_at":"2026-06-06T04:57:02.377724+00:00","sec_items":["2.05"],"event_type":"other_material","sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Science 37 cuts 73 jobs (23.2% of workforce) in cost reduction program","bullets":["Reduction in force of 73 employees, ~23.2% of total workforce, approved Feb 7, 2024.","Expected annual gross cash savings of $12-13M; cash charges of $1-1.3M mainly severance.","Charges expected in Q1 2024; program completion by end of Q1 2024.","Company is also under agreement to be acquired by eMed, LLC for $5.75 per share (pending tender offer)."],"urls":{"canonical":"https://secwatch.observer/filing/0001819113-24-000004","json":"https://secwatch.observer/filing/0001819113-24-000004.json","markdown":"https://secwatch.observer/filing/0001819113-24-000004.md","text":"https://secwatch.observer/filing/0001819113-24-000004.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1819113/000181911324000004/0001819113-24-000004-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1819113/000181911324000004/snce-20240207.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T04:57:02.377724+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":"743b83a1eea2faf2c414e153270ae1d00e4647b8","claim":"Science 37 Holdings, Inc. announced a restructuring with charges of between $1.0 million and $1.3 million (approximately 73 employees (representing approximately 23.2% of total employees prior to these actions)).","evidence_excerpt":"program will generate annual gross cash savings between $12.0 million to $13.0 million. Total cash expenditures for the cost reduction program are estimated to be between $1.0 million and $1.3 million, substantially all of which are expected to be related to employee severance costs. The Company expects to recognize most of these pre-tax reduction in force","evidence_source":"SEC 8-K Item 2.05/2.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1819113/000181911324000004/0001819113-24-000004-index.htm","confidence":0.9,"family_label":"Restructurings & Charges","details":[{"label":"Type","value":"restructuring"},{"label":"Charge","value":"between $1.0 million and $1.3 million"},{"label":"Headcount","value":"approximately 73 employees (representing approximately 23.2% of total employees prior to these actions)"}],"fact_type":"restructuring_charge"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}