{"schema_version":"secwatch.filing_event.v1","accession":"0001857154-26-000017","form_type":"8-K","ticker":"DNUT","cik":"0001857154","company_name":"Krispy Kreme, Inc.","filed_at":"2026-03-24T23:59:59+00:00","discovered_at":"2026-05-14T18:02:36.575663+00:00","generated_at":"2026-05-15T09:15:09.025288+00:00","sec_items":["1.01","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Krispy Kreme refranchises Western US JV and sells Japan ops for ~$160M total proceeds","bullets":["WKS Restaurant Group increases Western JV stake from 45% to 80%; total payable ~$90M (approx $50M cash at close plus note).","Unison Capital acquires Japan operations for nearly $70M cash; proceeds used to reduce debt.","JV adds 23 shops in CA and HI, now operates 50 shops plus ~1,000 fresh delivery locations.","Net cash proceeds from both transactions to be used for debt paydown as part of turnaround plan.","JV agrees to develop additional shops and expand fresh delivery footprint over next several years."],"urls":{"canonical":"https://secwatch.observer/filing/0001857154-26-000017","json":"https://secwatch.observer/filing/0001857154-26-000017.json","markdown":"https://secwatch.observer/filing/0001857154-26-000017.md","text":"https://secwatch.observer/filing/0001857154-26-000017.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1857154/000185715426000017/0001857154-26-000017-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1857154/000185715426000017/dnut-20260323.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T09:15:09.025288+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":"3d70ed84d40bd32c3cef2d3072272d208cb5ef09","claim":"Krispy Kreme, Inc. entered into Contribution and Exchange Agreement with the JV (W.K.S. Krispy Kreme, LLC) (effective 2026-03-23).","evidence_excerpt":"KKDC contributed the franchise rights, operating assets, equipment, personal property, vehicles, goodwill, and business of the Company-owned and operated Krispy Kreme store in Hawaii to the JV, in exchange for equity interests in the JV, pursuant to a Contribution and Exchange Agreement, dated as of the Effective Date, by and between KKDC and the JV (the “KKDC Contribution Agreement”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1857154/000185715426000017/0001857154-26-000017-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"asset purchase"},{"label":"Counterparty","value":"the JV (W.K.S. Krispy Kreme, LLC)"},{"label":"Effective","value":"2026-03-23"}]},{"claim_id":"5e532034737ac196f00c6890d6d8e5d4f9945422","claim":"Krispy Kreme, Inc. entered into Asset Purchase Agreement with W.K.S. KK HoldCo, Inc., an affiliate of WKS valued at $40,404,497 (effective 2026-03-23).","evidence_excerpt":"Awesome Doughnut entered into an Asset Purchase Agreement (the “APA”) with W.K.S. KK HoldCo, Inc., an affiliate of WKS (“WKS Holdco”), pursuant to which WKS Holdco acquired, as of the Effective Date, substantially all of the franchise rights, operating assets, equipment, personal property, vehicles, goodwill, and business of the Awesome Doughnut-owned and operated Krispy Kreme stores in California (collectively, the “Awesome Assets”) from Awesome Doughnut for an aggregate purchase price of $40,404,497, paid through delivery of a promissory note issued by WKS Holdco, as borrower, payable to Awesome Doughnut, as lender (“Seller Note”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1857154/000185715426000017/0001857154-26-000017-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"asset purchase"},{"label":"Counterparty","value":"W.K.S. KK HoldCo, Inc., an affiliate of WKS"},{"label":"Value","value":"$40,404,497"},{"label":"Effective","value":"2026-03-23"}]}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}