---
schema_version: "secwatch.filing_event.v1"
accession: "0001013762-23-006626"
form_type: "8-K"
ticker: null
cik: "0001821075"
company_name: "Appreciate Holdings, Inc."
filed_at: "2023-10-25T23:59:59+00:00"
generated_at: "2026-06-09T11:29:36.767526+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# Appreciate Holdings borrows $407,197 under secured promissory note with St. Cloud Capital

## Summary
- Obtained $407,197 on Oct 19, 2023 via a Secured Promissory Note.
- Note issued under existing Securities Purchase Agreement dated Nov 7, 2016.
- Counterparty is St. Cloud Capital Partners III SBIC, L.P.
- Obligation is a direct financial liability under Item 2.03.
- Proceeds used for general corporate purposes; no further guidance given.

## SEC filing metadata
- accession: 0001013762-23-006626
- form_type: 8-K
- cik: 0001821075
- company_name: Appreciate Holdings, Inc.
- filed_at: 2023-10-25T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 1.01, 2.03
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1821075/000101376223006626/0001013762-23-006626-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1821075/000101376223006626/ea187275-8k_appreciate.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001013762-23-006626
- JSON: https://secwatch.observer/filing/0001013762-23-006626.json
- Plain text: https://secwatch.observer/filing/0001013762-23-006626.txt

## Key facts
- Debt Financings
  Appreciate Holdings, Inc. incurred senior notes of $407,197 with St. Cloud Capital Partners III SBIC, L.P..
  - Instrument: senior notes
  - Principal: $407,197
  - Counterparty: St. Cloud Capital Partners III SBIC, L.P.
  - Event: incurrence
  source text: On October 19, 2023, Appreciate Holdings, Inc. (the "Company") obtained $407,197 in funding pursuant to that certain Secured Promissory Note dated October 19, 2023 issued under the Company’s existing Securities Purchase Agreement
  evidence_url: https://www.sec.gov/Archives/edgar/data/1821075/000101376223006626/0001013762-23-006626-index.htm
- Material Agreements
  Appreciate Holdings, Inc. entered into Secured Promissory Note with St. Cloud Capital Partners III SBIC, L.P. valued at $407,197 (effective 2023-10-19).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: St. Cloud Capital Partners III SBIC, L.P.
  - Value: $407,197
  - Effective: 2023-10-19
  source text: On October 19, 2023, Appreciate Holdings, Inc. (the “Company”) obtained $407,197 in funding pursuant to that certain Secured Promissory Note dated October 19, 2023 issued under the Company’s existing Securities Purchase Agreement, Dated as of November 7, 2016 by and among Appreciate Holdings, Inc. (f/k/a RW National Holdings, LLC), RW OpCo, LLC, and St. Cloud Capital Partners III SBIC, L.P.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1821075/000101376223006626/0001013762-23-006626-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.