{"schema_version":"secwatch.filing_event.v1","accession":"0001999371-24-003109","form_type":"8-K","ticker":"SLSN","cik":"0000883107","company_name":"SOLESENCE, INC.","filed_at":"2024-03-05T23:59:59+00:00","discovered_at":"2026-05-14T18:03:27.129046+00:00","generated_at":"2026-06-05T04:27:59.324315+00:00","sec_items":["1.01","2.02","9.01","3.02","3.03","5.03"],"event_type":"earnings","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Nanophase raises $6M in convertible preferred; Q4 revenue $8M, net loss $2.1M","bullets":["Issued 15,000 Series X Preferred shares at $400 each to Strandler, LLC, affiliate of largest shareholder.","Preferred convertible into 15M common shares at $0.40/share, pending shareholder approval to boost authorized shares to 95M.","Strandler and Beachcorp extended maturity of three existing loans to October 1, 2025.","Q4 2023 revenue $8.0M, net loss $2.1M; FY2023 revenue $37.3M, net loss $4.4M (30% from BASF lawsuit legal fees)","CEO expects 2024 profitable; company had $30M in completed shipments and confirmed purchase orders."],"urls":{"canonical":"https://secwatch.observer/filing/0001999371-24-003109","json":"https://secwatch.observer/filing/0001999371-24-003109.json","markdown":"https://secwatch.observer/filing/0001999371-24-003109.md","text":"https://secwatch.observer/filing/0001999371-24-003109.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/883107/000199937124003109/0001999371-24-003109-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/883107/000199937124003109/nanophase-8k_030124.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-05T04:27:59.324315+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":"2e2df763e9266079e1f64242d18ef6849a6e3517","claim":"SOLESENCE, INC. reported financial results for the fiscal quarter and year ended December 31, 2023.","evidence_excerpt":"On March 5, 2024, the Company issued a press release announcing certain financial and operational results for the fiscal quarter and year ended December 31, 2023.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/883107/000199937124003109/0001999371-24-003109-index.htm","confidence":0.85,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fiscal quarter and year ended December 31, 2023"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"65eb9ee49760a4f9fca500075a7a8ec0b67b5135","claim":"SOLESENCE, INC. entered into Securities Purchase Agreement with Strandler, LLC valued at $6,000,000 (effective 2024-03-01).","evidence_excerpt":"On March 1, 2024, Nanophase Technologies Corporation (the “Company”) entered into a Securities Purchase Agreement (the “Purchase Agreement”), between the Company and Strandler, LLC (“Strandler”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/883107/000199937124003109/0001999371-24-003109-index.htm","confidence":0.98,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"Strandler, LLC"},{"label":"Value","value":"$6,000,000"},{"label":"Effective","value":"2024-03-01"}],"fact_type":"material_agreement"},{"claim_id":"7883d47f54b110affeeae55b6352f767e4c46a0b","claim":"SOLESENCE, INC. amended Second Amendment to Business Loan Agreement (A&R Loan) with Beachcorp, LLC valued at Extended maturity from March 31, 2025 to October 1, 2025 (effective 2024-03-01).","evidence_excerpt":"mendment”) with Beachcorp, LLC, which is also an affiliate of our controlling shareholder, Bradford T. Whitmore (“Beachcorp”),","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/883107/000199937124003109/0001999371-24-003109-index.htm","confidence":0.97,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Beachcorp, LLC"},{"label":"Value","value":"Extended maturity from March 31, 2025 to October 1, 2025"},{"label":"Effective","value":"2024-03-01"}],"fact_type":"material_agreement"},{"claim_id":"c9dc99a5bb6f8ede892f7b65d5418364a87a9cf3","claim":"SOLESENCE, INC. amended Second Amendment to Business Loan Agreement (Term Loan) with Strandler, LLC valued at Extended maturity from March 31, 2025 to October 1, 2025 (effective 2024-03-01).","evidence_excerpt":"the Company also entered into (i) a Second Amendment to Business Loan Agreement (the “Term Loan Agreement Amendment”) with Strandler, LLC","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/883107/000199937124003109/0001999371-24-003109-index.htm","confidence":0.97,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Strandler, LLC"},{"label":"Value","value":"Extended maturity from March 31, 2025 to October 1, 2025"},{"label":"Effective","value":"2024-03-01"}],"fact_type":"material_agreement"},{"claim_id":"ea7fe0964f10e52479e4e626405820ae50746e02","claim":"SOLESENCE, INC. amended Second Amendment to Business Loan Agreement (Revolving Loan) with Beachcorp, LLC valued at Extended maturity from March 31, 2025 to October 1, 2025 (effective 2024-03-01).","evidence_excerpt":"mendment”) with Beachcorp, LLC, which is also an affiliate of our controlling shareholder, Bradford T. Whitmore (“Beachcorp”),","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/883107/000199937124003109/0001999371-24-003109-index.htm","confidence":0.97,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Beachcorp, LLC"},{"label":"Value","value":"Extended maturity from March 31, 2025 to October 1, 2025"},{"label":"Effective","value":"2024-03-01"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}