{"schema_version":"secwatch.filing_event.v1","accession":"0001952976-26-000005","form_type":"8-K","ticker":"NLOP","cik":"0001952976","company_name":"Net Lease Office Properties","filed_at":"2026-01-20T23:59:59+00:00","discovered_at":"2026-05-14T18:02:36.866582+00:00","generated_at":"2026-05-16T09:37:33.699905+00:00","sec_items":["2.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"NLOP sells KBR-leased Houston office building for $66M, net proceeds $65.4M","bullets":["Sold 1,064,788 sq ft building to unaffiliated third party for $66M contractual price; net proceeds ~$65.4M.","Disposition completed Jan 15, 2026; property was fully leased to KBR, Inc.","Pro forma financials show removal of property revenues of $30.2M (FY2024) and $21.9M (9M 2025) and associated expenses.","Pro forma net loss improved from $(145.2M) to $(69.8M) for 9M 2025, partly due to elimination of $81.6M impairment on sold property.","Cash balance pro forma increases to $104.1M from $38.7M, reflecting net proceeds."],"urls":{"canonical":"https://secwatch.observer/filing/0001952976-26-000005","json":"https://secwatch.observer/filing/0001952976-26-000005.json","markdown":"https://secwatch.observer/filing/0001952976-26-000005.md","text":"https://secwatch.observer/filing/0001952976-26-000005.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1952976/000195297626000005/0001952976-26-000005-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1952976/000195297626000005/nlop-20260115.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T09:37:33.699905+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":"e04a9fef4906244cc6c8c42d687b25080c3bc014","claim":"Net Lease Office Properties completed a disposition involving an unaffiliated third party for contractual sales price of $66.0 million (closed 2026-01-15).","evidence_excerpt":"On January 15, 2026, Net Lease Office Properties completed the disposition of a 1,064,788 square foot office building leased to KBR, Inc. in Houston, Texas, to an unaffiliated third party for a contractual sales price of $66.0 million and net proceeds of approximately $65.4 million.","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1952976/000195297626000005/0001952976-26-000005-index.htm","confidence":0.9}],"comparable_filings":[{"accession":"0001104659-26-057200","ticker":"CUK","company_name":"CARNIVAL PLC","filed_at":"2026-05-07T23:59:59+00:00","headline":"Carnival completes DLC unification and redomiciliation to Bermuda; Carnival plc now a subsidiary","event_type":"other_material","sec_items":["1.02","2.01","3.01","3.02","3.03","5.01","5.03","7.01","9.01"],"materiality_score":0.7,"calibrated_materiality_score":0.7,"match_reasons":["same fact type: ma_transaction","same SEC item: 2.01, 9.01","same event type: other_material","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-26-057200","json":"https://secwatch.observer/filing/0001104659-26-057200.json","markdown":"https://secwatch.observer/filing/0001104659-26-057200.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1125259/000110465926057200/0001104659-26-057200-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/815097/000110465926057200/tm2613680d1_8k.htm"},"side_by_side_evidence":{"fact_type":"ma_transaction","source_excerpt":"On January 15, 2026, Net Lease Office Properties completed the disposition of a 1,064,788 square foot office building leased to KBR, Inc. in Houston, Texas, to an unaffiliated third party for a contractual sales price of $66.0 million and net proceeds of approximately $65.4 million.","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/1952976/000195297626000005/0001952976-26-000005-index.htm","comparable_excerpt":"On May 7, 2026, Carnival Corporation and Carnival plc completed the unification of their dual listed company structure under a single company, Carnival Corporation Ltd., with Carnival plc as a UK subsidiary of Carnival Corporation Ltd.","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1125259/000110465926057200/0001104659-26-057200-index.htm"}},{"accession":"0000893538-26-000055","ticker":"SM","company_name":"SM Energy Co","filed_at":"2026-04-30T23:59:59+00:00","headline":"SM Energy closes $950M South Texas asset sale; redeems $819M in 2026 notes","event_type":"other_material","sec_items":["2.01","7.01","9.01"],"materiality_score":0.75,"calibrated_materiality_score":0.75,"match_reasons":["same fact type: ma_transaction","same SEC item: 2.01, 9.01","same event type: other_material","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0000893538-26-000055","json":"https://secwatch.observer/filing/0000893538-26-000055.json","markdown":"https://secwatch.observer/filing/0000893538-26-000055.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/893538/000089353826000055/0000893538-26-000055-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/893538/000089353826000055/sm-20260430.htm"},"side_by_side_evidence":{"fact_type":"ma_transaction","source_excerpt":"On January 15, 2026, Net Lease Office Properties completed the disposition of a 1,064,788 square foot office building leased to KBR, Inc. in Houston, Texas, to an unaffiliated third party for a contractual sales price of $66.0 million and net proceeds of approximately $65.4 million.","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/1952976/000195297626000005/0001952976-26-000005-index.htm","comparable_excerpt":"is included as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference. \n\n--- EX-99.1 (EX-99.1) ---\n\nNews Release EXHIBIT 99.1 SM ENERGY CLOSES $950 MILLION SOUTH TEXAS DIVESTITURE; ANNOUNCES REDEMPTION OF ALL OUTSTANDING 2026 SENIOR NOTES Demonstrates strong momentum toward $1.0 billion-plus asset sale target and advances 2026","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/893538/000089353826000055/0000893538-26-000055-index.htm"}},{"accession":"0001683168-26-003231","ticker":"FCUV","company_name":"FOCUS UNIVERSAL INC.","filed_at":"2026-04-27T23:59:59+00:00","headline":"Focus Universal acquires Class A office building in Monterey Park for $17.7M","event_type":"other_material","sec_items":["1.01","2.01","2.03","9.01"],"materiality_score":0.75,"calibrated_materiality_score":0.75,"match_reasons":["same fact type: ma_transaction","same SEC item: 2.01, 9.01","same event type: other_material","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001683168-26-003231","json":"https://secwatch.observer/filing/0001683168-26-003231.json","markdown":"https://secwatch.observer/filing/0001683168-26-003231.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1590418/000168316826003231/0001683168-26-003231-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1590418/000168316826003231/focus_8k.htm"},"side_by_side_evidence":{"fact_type":"ma_transaction","source_excerpt":"On January 15, 2026, Net Lease Office Properties completed the disposition of a 1,064,788 square foot office building leased to KBR, Inc. in Houston, Texas, to an unaffiliated third party for a contractual sales price of $66.0 million and net proceeds of approximately $65.4 million.","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/1952976/000195297626000005/0001952976-26-000005-index.htm","comparable_excerpt":"”). The\nSeller does not have a material relationship with the Company, and the acquisition was not an affiliated transaction. The aggregate purchase price of the Property was\n$17,700,000, exclusive of closing costs (the “ Purchase Price ”). The Company made an initial down payment of $525,000\non January 26, 2026. On April 17, 2026, the Company funded the Purchase","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1590418/000168316826003231/0001683168-26-003231-index.htm"}},{"accession":"0001493152-26-018755","ticker":"MSGM","company_name":"Motorsport Games Inc.","filed_at":"2026-04-23T23:59:59+00:00","headline":"Motorsport Games repurchases 904,395 shares from Driven Lifestyle, cancels Class B shares, changes control","event_type":"other_material","sec_items":["1.01","2.01","3.03","5.01","5.02","5.03","5.07","9.01"],"materiality_score":0.8,"calibrated_materiality_score":0.8,"match_reasons":["same fact type: ma_transaction","same SEC item: 2.01, 9.01","same event type: other_material","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-26-018755","json":"https://secwatch.observer/filing/0001493152-26-018755.json","markdown":"https://secwatch.observer/filing/0001493152-26-018755.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1821175/000149315226018755/0001493152-26-018755-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1821175/000149315226018755/form8-k.htm"},"side_by_side_evidence":{"fact_type":"ma_transaction","source_excerpt":"On January 15, 2026, Net Lease Office Properties completed the disposition of a 1,064,788 square foot office building leased to KBR, Inc. in Houston, Texas, to an unaffiliated third party for a contractual sales price of $66.0 million and net proceeds of approximately $65.4 million.","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/1952976/000195297626000005/0001952976-26-000005-index.htm","comparable_excerpt":"On April 22, 2026, Motorsport Games Inc. (the “Company”) entered into a Share Repurchase Agreement (the “Agreement”) with Driven Lifestyle Group LLC, a Florida limited liability company (“Driven Lifestyle”), pursuant to which the Company purchased 904,395 shares of the Company’s Class A Common Stock, par value $0.0001 per share (the “Class A Common Stock”) held by Driven Lifestyle (the “Class A Shares”). The Agreement provides for the Shares to be purchased at a price of $4.11, which is equal to the average closing price of the Class A Common Stock as reported by the Nasdaq Capital Market for the five trading days immediately preceding the signing of the Agreement.","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1821175/000149315226018755/0001493152-26-018755-index.htm"}},{"accession":"0001193125-26-164328","ticker":"TRAX","company_name":"First Tracks Biotherapeutics, Inc.","filed_at":"2026-04-20T23:59:59+00:00","headline":"First Tracks Biotherapeutics completes spin-off from AnaptysBio and raises ~$80M in private placement","event_type":"other_material","sec_items":["1.01","2.01","3.02","3.03","5.03","5.01","5.02","8.01","9.01"],"materiality_score":0.8,"calibrated_materiality_score":0.8,"match_reasons":["same fact type: ma_transaction","same SEC item: 2.01, 9.01","same event type: other_material","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-164328","json":"https://secwatch.observer/filing/0001193125-26-164328.json","markdown":"https://secwatch.observer/filing/0001193125-26-164328.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/2091349/000119312526164328/0001193125-26-164328-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/2091349/000119312526164328/d78703d8k.htm"},"side_by_side_evidence":{"fact_type":"ma_transaction","source_excerpt":"On January 15, 2026, Net Lease Office Properties completed the disposition of a 1,064,788 square foot office building leased to KBR, Inc. in Houston, Texas, to an unaffiliated third party for a contractual sales price of $66.0 million and net proceeds of approximately $65.4 million.","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/1952976/000195297626000005/0001952976-26-000005-index.htm","comparable_excerpt":"On the Distribution Date, AnaptysBio completed the Spin-Off.","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/2091349/000119312526164328/0001193125-26-164328-index.htm"}},{"accession":"0001232582-26-000098","ticker":"AHT","company_name":"ASHFORD HOSPITALITY TRUST INC","filed_at":"2026-04-10T23:59:59+00:00","headline":"Ashford Hospitality Trust sells Embassy Suites Palm Beach Gardens for $40.5M net","event_type":"other_material","sec_items":["2.01","9.01"],"materiality_score":0.65,"calibrated_materiality_score":0.65,"match_reasons":["same fact type: ma_transaction","same SEC item: 2.01, 9.01","same event type: other_material","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001232582-26-000098","json":"https://secwatch.observer/filing/0001232582-26-000098.json","markdown":"https://secwatch.observer/filing/0001232582-26-000098.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1232582/000123258226000098/0001232582-26-000098-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1232582/000123258226000098/aht-20260407.htm"},"side_by_side_evidence":{"fact_type":"ma_transaction","source_excerpt":"On January 15, 2026, Net Lease Office Properties completed the disposition of a 1,064,788 square foot office building leased to KBR, Inc. in Houston, Texas, to an unaffiliated third party for a contractual sales price of $66.0 million and net proceeds of approximately $65.4 million.","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/1952976/000195297626000005/0001952976-26-000005-index.htm","comparable_excerpt":"On April 7, 2026, Palm Beach Florida Hotel and Office Building Limited Partnership, an indirect wholly owned subsidiary of Ashford Hospitality Trust, Inc. (the “Company”), completed the sale of the Embassy Suites by Hilton Palm Beach Gardens PGA Boulevard located in Palm Beach Gardens, Florida pursuant to an Agreement of Purchase and Sale, dated as of February 25, 2026, by and between Palm Beach Florida Hotel and Office Building Limited Partnership, as seller, and PBG Embassy Partners, LLC, as purchaser, for $41 million in cash, subject to customary pro-rations and adjustments.","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1232582/000123258226000098/0001232582-26-000098-index.htm"}},{"accession":"0001193125-26-149823","ticker":"OVV","company_name":"Ovintiv Inc.","filed_at":"2026-04-09T23:59:59+00:00","headline":"Ovintiv closes $2.9B Anadarko sale, repays C$1.57B credit facility, redeems $700M notes","event_type":"other_material","sec_items":["1.02","2.01","7.01","8.01","9.01"],"materiality_score":0.85,"calibrated_materiality_score":0.85,"match_reasons":["same fact type: ma_transaction","same SEC item: 2.01, 9.01","same event type: other_material","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-149823","json":"https://secwatch.observer/filing/0001193125-26-149823.json","markdown":"https://secwatch.observer/filing/0001193125-26-149823.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1792580/000119312526149823/0001193125-26-149823-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1792580/000119312526149823/d928179d8k.htm"},"side_by_side_evidence":{"fact_type":"ma_transaction","source_excerpt":"On January 15, 2026, Net Lease Office Properties completed the disposition of a 1,064,788 square foot office building leased to KBR, Inc. in Houston, Texas, to an unaffiliated third party for a contractual sales price of $66.0 million and net proceeds of approximately $65.4 million.","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/1952976/000195297626000005/0001952976-26-000005-index.htm","comparable_excerpt":"360,000 net acres located in west-central Oklahoma (the “Anadarko Sale”). On April 9, 2026, Ovintiv completed the Anadarko Sale. The Buyer paid aggregate consideration of $2.9 billion in cash after preliminary closing adjustments. The Anadarko Sale has an effective date of January 1, 2026. \n\n--- EX-99.1 (EX-99.1) ---\n\nEX-99.1 Exhibit 99.1 news release Ovintiv","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1792580/000119312526149823/0001193125-26-149823-index.htm"}},{"accession":"0001193125-26-145527","ticker":null,"company_name":"TCW Direct Lending VIII LLC","filed_at":"2026-04-07T23:59:59+00:00","headline":"TCW Direct Lending VIII completes exchange offer; 50.49% of units tendered","event_type":"other_material","sec_items":["1.01","2.01","3.03","9.01"],"materiality_score":0.75,"calibrated_materiality_score":0.75,"match_reasons":["same fact type: ma_transaction","same SEC item: 2.01, 9.01","same event type: other_material","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-145527","json":"https://secwatch.observer/filing/0001193125-26-145527.json","markdown":"https://secwatch.observer/filing/0001193125-26-145527.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1825265/000119312526145527/0001193125-26-145527-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1825265/000119312526145527/d123753d8k.htm"},"side_by_side_evidence":{"fact_type":"ma_transaction","source_excerpt":"On January 15, 2026, Net Lease Office Properties completed the disposition of a 1,064,788 square foot office building leased to KBR, Inc. in Houston, Texas, to an unaffiliated third party for a contractual sales price of $66.0 million and net proceeds of approximately $65.4 million.","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/1952976/000195297626000005/0001952976-26-000005-index.htm","comparable_excerpt":"On April 1, 2026, the Company completed its previously announced exchange offer (the “Exchange Offer”), pursuant to which holders of the Company’s outstanding limited liability company units (the “Units”) were permitted to exchange all or a portion of their Units for an equivalent number of limited liability company units of TCW Specialty Lending LLC, a Delaware limited liability company and wholly owned subsidiary of the Company (the “Perpetual Fund”).","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1825265/000119312526145527/0001193125-26-145527-index.htm"}}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}