{"filing":{"accession_number":"0001193125-26-333965","cik":"0001640384","ticker":"LMFA","company_name":"POWERCOMPUTE, INC.","form":"8-K","filing_date":"2026-08-05","report_date":"2026-08-03","primary_document":"lmfa-20260803.htm","primary_document_url":"https://www.sec.gov/Archives/edgar/data/1640384/000119312526333965/lmfa-20260803.htm"},"events":[{"id":24500,"run_id":22202,"accession_number":"0001193125-26-333965","anchor_item_number":"2.03","event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.95,"summary":"PowerCompute entered into a new Bitcoin-backed credit facility with Arch Lending, creating an $18.1 million non-recourse, collared 30-day rolling loan secured by 307 Bitcoin at 2% APR. This refinancing replaces prior debt facilities with materially improved terms, reducing interest costs from 12% and strengthening the company's capital structure.","company_name":"POWERCOMPUTE, INC.","ticker":"LMFA","filing_date":"2026-08-05","form":"8-K","submitted_at":null,"items":[{"id":25071,"accession_number":"0001193125-26-333965","item_number":"1.01","item_title":"Entry into a Material Agreement","event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.85,"reasoning":"PowerCompute entered into a new Bitcoin-backed credit facility with Arch Lending on July 27, 2026, refinancing $18 million of existing debt. While this is technically a refinancing (replacement of existing obligations), the creation of a new direct financial obligation—a revolving 30-day term loan facility with a 2% APR—constitutes a debt issuance event. The transaction is material as it significantly reduces interest costs (from 12% to 2% APR) and strengthens the company's capital structure, affecting investor assessment of financial condition.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-08-06T02:41:19.652181+00:00","company_name":"","ticker":null,"filing_date":""},{"id":25072,"accession_number":"0001193125-26-333965","item_number":"2.03","item_title":"Creation of a Direct Financial Obligation","event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.95,"reasoning":"PowerCompute entered into a new loan facility with Arch Lending on August 3, 2026, creating a direct financial obligation of $18.1 million in a non-recourse, collared 30-day rolling loan secured by 307 Bitcoin. This is a creation of a new direct financial obligation under Item 2.03, distinct from a covenant breach or refinancing of existing debt—the company is establishing a new debt instrument with different terms (2% APR vs. 12% on prior loans) and structure (Bitcoin-backed collar loan). The press release confirms this is a refinancing that \"replaces\" prior debt facilities, making it a material capital structure event.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-08-06T02:41:19.652181+00:00","company_name":"","ticker":null,"filing_date":""},{"id":25073,"accession_number":"0001193125-26-333965","item_number":"7.01","item_title":"Regulation FD.","event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.85,"reasoning":"PowerCompute announced a refinancing of $18 million in existing debt through a new Bitcoin-backed credit facility with Arch Lending, signed July 27, 2026. The press release emphasizes the creation of a new debt facility with materially improved terms (2% APR vs. 12% on prior loans), which reduces interest expense and strengthens the balance sheet. While technically a refinancing, the disclosure centers on the creation of a new direct financial obligation—the Arch Facility—making debt_issuance the most appropriate classification. The material reduction in borrowing costs and the novel collateral structure (Bitcoin-backed) are significant to investors assessing the company's capital structure and financial health.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-08-06T02:41:19.652181+00:00","company_name":"","ticker":null,"filing_date":""}]}],"classifications":[{"id":25071,"accession_number":"0001193125-26-333965","item_number":"1.01","item_title":"Entry into a Material Agreement","event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.85,"reasoning":"PowerCompute entered into a new Bitcoin-backed credit facility with Arch Lending on July 27, 2026, refinancing $18 million of existing debt. While this is technically a refinancing (replacement of existing obligations), the creation of a new direct financial obligation—a revolving 30-day term loan facility with a 2% APR—constitutes a debt issuance event. The transaction is material as it significantly reduces interest costs (from 12% to 2% APR) and strengthens the company's capital structure, affecting investor assessment of financial condition.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-08-06T02:41:19.652181+00:00","company_name":"POWERCOMPUTE, INC.","ticker":"LMFA","filing_date":"2026-08-05"},{"id":25072,"accession_number":"0001193125-26-333965","item_number":"2.03","item_title":"Creation of a Direct Financial Obligation","event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.95,"reasoning":"PowerCompute entered into a new loan facility with Arch Lending on August 3, 2026, creating a direct financial obligation of $18.1 million in a non-recourse, collared 30-day rolling loan secured by 307 Bitcoin. This is a creation of a new direct financial obligation under Item 2.03, distinct from a covenant breach or refinancing of existing debt—the company is establishing a new debt instrument with different terms (2% APR vs. 12% on prior loans) and structure (Bitcoin-backed collar loan). The press release confirms this is a refinancing that \"replaces\" prior debt facilities, making it a material capital structure event.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-08-06T02:41:19.652181+00:00","company_name":"POWERCOMPUTE, INC.","ticker":"LMFA","filing_date":"2026-08-05"},{"id":25073,"accession_number":"0001193125-26-333965","item_number":"7.01","item_title":"Regulation FD.","event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.85,"reasoning":"PowerCompute announced a refinancing of $18 million in existing debt through a new Bitcoin-backed credit facility with Arch Lending, signed July 27, 2026. The press release emphasizes the creation of a new debt facility with materially improved terms (2% APR vs. 12% on prior loans), which reduces interest expense and strengthens the balance sheet. While technically a refinancing, the disclosure centers on the creation of a new direct financial obligation—the Arch Facility—making debt_issuance the most appropriate classification. The material reduction in borrowing costs and the novel collateral structure (Bitcoin-backed) are significant to investors assessing the company's capital structure and financial health.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-08-06T02:41:19.652181+00:00","company_name":"POWERCOMPUTE, INC.","ticker":"LMFA","filing_date":"2026-08-05"}]}