{"filing":{"accession_number":"0001199835-26-000379","cik":"0001936756","ticker":null,"company_name":"Next Bridge Hydrocarbons, Inc.","form":"8-K","filing_date":"2026-10-20","report_date":"2026-10-14","primary_document":"nbhi_8k.htm","primary_document_url":"https://www.sec.gov/Archives/edgar/data/1936756/000119983526000379/nbhi_8k.htm"},"events":[{"id":36477,"run_id":33634,"accession_number":"0001199835-26-000379","anchor_item_number":"2.03","event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.85,"summary":"On October 14, 2026, Next Bridge Hydrocarbons entered into a Securities Exchange Agreement creating a $20M revolving line of credit with a $10M initial advance at 10% per annum, maturing October 14, 2031, in exchange for acquiring a $6M promissory note and preferred stock. This represents a material new direct financial obligation.","company_name":"Next Bridge Hydrocarbons, Inc.","ticker":null,"filing_date":"2026-10-20","form":"8-K","submitted_at":null,"items":[{"id":40902,"accession_number":"0001199835-26-000379","item_number":"1.01","item_title":"Entry into a Material Definitive Agreement.","event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.75,"reasoning":"The Company entered into a Securities Exchange Agreement on October 14, 2026, acquiring an $6M promissory note and preferred stock in exchange for a $20M revolving line of credit with a $10M initial advance at 10% per annum, maturing October 14, 2031. This creates a new direct financial obligation—a material debt facility—and includes immediate issuance of 15M common shares as consideration. While the transaction involves a debt-for-equity swap structure, the primary disclosed event is the creation of the new $20M credit facility, which is a debt issuance under Item 1.01.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-10-20T21:02:05.572313+00:00","company_name":"","ticker":null,"filing_date":""},{"id":40903,"accession_number":"0001199835-26-000379","item_number":"2.03","item_title":"Creation of","event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.85,"reasoning":"Item 2.03 discloses creation of a direct financial obligation through Credit Agreements, which are incorporated by reference from Item 1.01. This indicates entry into or amendment of a credit facility or term loan arrangement, a classic debt issuance event. The materiality is presumed given the formal 8-K disclosure requirement and the reference to credit agreements as a primary transaction.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-10-20T21:02:05.572313+00:00","company_name":"","ticker":null,"filing_date":""}]},{"id":36478,"run_id":33634,"accession_number":"0001199835-26-000379","anchor_item_number":"3.02","event_type":"dilutive_issuance","event_domain":"financial","is_material":true,"confidence":0.95,"summary":"The Company issued 15M common shares to Panther Bridge as consideration for the Securities Exchange Agreement, pursuant to an unregistered private placement relying on Section 4(a)(2) and Regulation D exemptions. The shares are restricted and issued to a single accredited investor.","company_name":"Next Bridge Hydrocarbons, Inc.","ticker":null,"filing_date":"2026-10-20","form":"8-K","submitted_at":null,"items":[{"id":40904,"accession_number":"0001199835-26-000379","item_number":"3.02","item_title":"Unregistered","event_type":"dilutive_issuance","event_domain":"financial","is_material":true,"confidence":0.95,"reasoning":"This Item 3.02 disclosure describes an unregistered sale of common stock to Panther Bridge pursuant to Credit Agreements, relying on Section 4(a)(2) exemption and Regulation D safe harbor. The issuance involves a single accredited investor purchaser with restricted transferability, characteristic of a private placement. Such equity issuances are material to investors as they dilute existing shareholders and signal capital-raising activity, particularly when tied to credit arrangements.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-10-20T21:02:05.572313+00:00","company_name":"","ticker":null,"filing_date":""}]}],"classifications":[{"id":40902,"accession_number":"0001199835-26-000379","item_number":"1.01","item_title":"Entry into a Material Definitive Agreement.","event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.75,"reasoning":"The Company entered into a Securities Exchange Agreement on October 14, 2026, acquiring an $6M promissory note and preferred stock in exchange for a $20M revolving line of credit with a $10M initial advance at 10% per annum, maturing October 14, 2031. This creates a new direct financial obligation—a material debt facility—and includes immediate issuance of 15M common shares as consideration. While the transaction involves a debt-for-equity swap structure, the primary disclosed event is the creation of the new $20M credit facility, which is a debt issuance under Item 1.01.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-10-20T21:02:05.572313+00:00","company_name":"Next Bridge Hydrocarbons, Inc.","ticker":null,"filing_date":"2026-10-20"},{"id":40903,"accession_number":"0001199835-26-000379","item_number":"2.03","item_title":"Creation of","event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.85,"reasoning":"Item 2.03 discloses creation of a direct financial obligation through Credit Agreements, which are incorporated by reference from Item 1.01. This indicates entry into or amendment of a credit facility or term loan arrangement, a classic debt issuance event. The materiality is presumed given the formal 8-K disclosure requirement and the reference to credit agreements as a primary transaction.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-10-20T21:02:05.572313+00:00","company_name":"Next Bridge Hydrocarbons, Inc.","ticker":null,"filing_date":"2026-10-20"},{"id":40904,"accession_number":"0001199835-26-000379","item_number":"3.02","item_title":"Unregistered","event_type":"dilutive_issuance","event_domain":"financial","is_material":true,"confidence":0.95,"reasoning":"This Item 3.02 disclosure describes an unregistered sale of common stock to Panther Bridge pursuant to Credit Agreements, relying on Section 4(a)(2) exemption and Regulation D safe harbor. The issuance involves a single accredited investor purchaser with restricted transferability, characteristic of a private placement. Such equity issuances are material to investors as they dilute existing shareholders and signal capital-raising activity, particularly when tied to credit arrangements.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-10-20T21:02:05.572313+00:00","company_name":"Next Bridge Hydrocarbons, Inc.","ticker":null,"filing_date":"2026-10-20"}]}