{"schema_version":"secwatch.filing_event.v1","accession":"0001837671-25-000082","form_type":"8-K","ticker":"CPPTL","cik":"0001837671","company_name":"Copper Property CTL Pass Through Trust","filed_at":"2025-11-10T23:59:59+00:00","discovered_at":"2026-05-14T18:02:40.729905+00:00","generated_at":"2026-05-16T22:35:16.881207+00:00","sec_items":["8.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Copper Property CTL Trust revises 2025 budget to $15M on unexpected legal costs","bullets":["Revised 2025 Annual Budget totals $15.0 million in operating expenses, up from prior plan due to unanticipated legal costs.","The revision is driven primarily by legal costs not previously budgeted; no other specific amounts provided.","Higher operating expenses will reduce cash available for distributions to trust beneficiaries.","Trust states the revision is effective immediately; forward-looking statements caution on uncertainty."],"urls":{"canonical":"https://secwatch.observer/filing/0001837671-25-000082","json":"https://secwatch.observer/filing/0001837671-25-000082.json","markdown":"https://secwatch.observer/filing/0001837671-25-000082.md","text":"https://secwatch.observer/filing/0001837671-25-000082.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1837671/000183767125000082/0001837671-25-000082-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1837671/000183767125000082/cpt-20251110.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T22:35:16.881207+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"}