{"url_path":"/sec/shmdw/10-k/2026/item-13","section_key":"item-13","section_title":"Item 13 ****DEFAULTS, DIVIDEND ARREARAGES AND DELINQUENCIES**","topic":"sec","document":{"doc_type":"20-F","doc_date":"2026-05-15","source_url":"https://www.sec.gov/Archives/edgar/data/1987240/0001104659-26-062643-index.html","accession_number":"0001104659-26-062643","cik":"0001987240","ticker":"SHMD","issuer_name":"SCHMID Group N.V.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1987240/0001104659-26-062643-index.html","primary_entity_key":"0001987240","primary_entity_name":"SCHMID Group N.V."},"word_count":93,"has_tables":true,"body_markdown":"**ITEM 13.****DEFAULTS, DIVIDEND ARREARAGES AND DELINQUENCIES**\n\nAs described in “*Item 4. B. Business Overview – Legal Proceedings*” SCHMID is involved in a legal dispute with Validus Broker Dealer over the alleged failure by SCHMID to pay the principal balance of $2,350,000 of a promissory note dated June 13, 2024. No trial date has been set in this civil action related to the alleged breach of the promissory note’s terms by the United States District Court for the Southern District of New York. The Company intends to continue to pursue all available defenses.\n\n​"}