PIPE / private-placement deal feed: US-listed issuers raising money through unregistered placements (PIPEs, registered directs with warrants, convertible notes and preferreds, equity lines / ELOCs, SEPA pre-paid advances), each deal graded 0-3 for how toxic -- how price-dependent and dilutive -- its terms are.

One row per 8-K private-placement deal event: an announcement (the securities purchase agreement is signed and disclosed), a closing (funds received), an amendment or price reset, or a termination; event_kind says which. announce_date is the 8-K filing date and is the feed's clock; event_date and closing_date are the dates the filing states. A deal announced and later closed is two rows sharing ticker and cik under different accession_no values. Deal economics served per row: gross_proceeds_usd (or committed_capacity_usd for an equity line), shares_sold, price_per_share_usd, discount_to_prior_close_pct, price_basis (fixed / variable_discount_to_market / lesser_of / unstated) with the variable discount, lookback window and floor, reset_provision, warrant_coverage_pct with exercise price and term, has_prefunded_warrants, original_issue_discount_pct, the stated investors / investor type / placement agent / exemption, the resale registration deadline and (once filed) the resale S-1 / S-3 form and dates, and market_cap_at_announce_usd with proceeds_pct_of_market_cap.

toxicity_score, the 0-3 scale, derived from the stated terms: 3 = variable-price conversion (priced off a discount to future VWAP / lowest close, or the lesser of a fixed price and market) or a VWAP-priced equity line -- dilution grows as the price falls; 2 = a ratchet / price-reset provision, or >= 100% warrant coverage at >= 15% discount to the prior close, or original issue discount >= 10%; 1 = any common warrants, or a >= 10% discount, or any OID, or an equity line without a stated pricing formula; 0 = fixed price at or above market with at most pre-funded warrants; NULL = the terms live in an exhibit v1 did not read. The grade summarizes structure, not the issuer's prospects: a 0 can still be a large raise by a struggling company, which is what proceeds_pct_of_market_cap is there to show.

Requires an Alphanume Pro API key. There is no date clamp on this route: a Pro key sees the full history.

Honest limits, stated plainly. v1 reads the 8-K body, not its exhibits, so a deal whose economics live only in the attached purchase agreement carries price_basis='unstated', terms_in_exhibit_flag=1 and a NULL toxicity_score -- filter min_toxicity to keep only graded rows, or read terms_in_exhibit_flag before treating a NULL as benign. Investor names are frequently undisclosed ("certain institutional investors"); investor_names_stated is what the filing says, nothing more. discount_to_prior_close_pct needs a Polygon daily bar for the prior session and is NULL for unlisted or brand-new tickers and for variable-priced deals. market_cap_at_announce_usd and proceeds_pct_of_market_cap are NULL when the cap history does not cover the ticker; resale_* columns are NULL until a resale registration is filed / effective. SPAC-related placements (a PIPE into a de-SPAC, trust-extension financing) are flagged with is_spac_related=1, not removed. Rows are never dropped for missing enrichment. confidence (0-1) is a per-row quality signal for the extracted terms. first_seen_at is when our pull first observed the 8-K (synthetic = filing time for rows backfilled before launch).

Default order: newest announce_date first, then ticker, so the first page is the most recent deals.

Pagination: results are capped at 50,000 rows per request; when the response has has_more=true, pass next_cursor's cursor_date, cursor_ticker and cursor_id back to fetch the next page.