{
  "uri": "alkn://truthloops/securities/usd-50m-03-subscription",
  "contents": [
    {
      "uri": "alkn://truthloops/securities/usd-50m-03-subscription",
      "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\": \"usd-50m-03-subscription\",\n  \"branch\": \"capital\",\n  \"polarity\": \"positive\",\n  \"bounded_proposition\": \"Subscription agreements were executed by identified counterparties for the USD 50M offering.\",\n  \"required_evidence\": [\n    \"Executed subscription agreements (doc-usd-50m-subscription-agreement-unregistered)\"\n  ],\n  \"closure_condition\": \"CLOSE when subscription agreements are anchored. Announcement (state 02) does NOT close this state.\",\n  \"do_not_publish\": [\n    \"Any assertion that state 03 is closed by state 02 evidence\"\n  ],\n  \"linked_loops\": [\n    \"usd-50m-02-announcement\",\n    \"usd-50m-04-offering-memorandum\",\n    \"capital-branch-compound\"\n  ],\n  \"status\": \"OPEN\",\n  \"effective_date\": \"2026-09-18\"\n}"
    }
  ]
}