{
  "uri": "alkn://truthloops/securities/offering-disclosure",
  "contents": [
    {
      "uri": "alkn://truthloops/securities/offering-disclosure",
      "mimeType": "application/json",
      "text": "{\n  \"source_role\": \"issuer_originated\",\n  \"observation_type\": \"representation\",\n  \"evidence_payload_retrievable\": false,\n  \"scope_temporal\": \"current\",\n  \"loop_id\": \"offering-disclosure\",\n  \"branch\": \"securities\",\n  \"polarity\": \"positive\",\n  \"bounded_proposition\": \"Qualified investors received documentation describing the legal structure, underlying asset, investor rights, valuation basis, transfer limitations and material risks.\",\n  \"required_evidence\": [\n    \"Final offering memorandum\",\n    \"Subscription agreement\",\n    \"Partnership agreement\",\n    \"Risk factors\",\n    \"Valuation disclosure\",\n    \"Conflicts disclosure\",\n    \"Fee and expense disclosure\",\n    \"Distribution waterfall\",\n    \"Custody disclosure\",\n    \"Transfer and liquidity disclosure\"\n  ],\n  \"closure_condition\": \"CLOSE against the final operative documents, NOT press releases or website summaries.\",\n  \"do_not_publish\": [\n    \"\\\"The press release constitutes offering disclosure\\\"\",\n    \"\\\"The website summary is the disclosure package\\\"\",\n    \"Any closure of this loop against a marketing artefact rather than the operative offering documents\"\n  ],\n  \"linked_loops\": [\n    \"security-classification\",\n    \"rwa-legal-bridge\",\n    \"regulation-s-basis\"\n  ],\n  \"status\": \"OPEN\",\n  \"effective_date\": \"2026-09-17\"\n}"
    }
  ]
}