Spectaire Holdings Inc.: debt financing — Spectaire receives foreclosure notice for subsidiary assets; sale set for Feb 10, 2025

Spectaire Holdings Inc.

Outstanding obligations to Arosa Multi-Strategy Fund LP ~$9.14M; per diem interest ~$6,348.
Lender resumed foreclosure on Jan 24, 2025; asset sale scheduled Feb 10, 2025 at 10:00 a.m.
Loan parties (Spectaire Inc., microMS, Inc.) failed to repay by extended maturity date Aug 30, 2024.
Collateral covers substantially all assets of Spectaire Inc., the operating subsidiary.
Foreclosure follows prior default notice Oct 14, 2024 and suspended strategic alternatives process.

item 2.04

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.95

Spectaire Holdings Inc. faced acceleration on loan with Arosa Multi-Strategy Fund LP.

Instrument: loan
Counterparty: Arosa Multi-Strategy Fund LP
Event: acceleration

Exact text from the filing

On October 14, 2024, the loan parties to the Loan Agreement received a notice of event of default and acceleration, as well as a demand for payment, from the Lender as a result of the failure of the loan parties to make repayment under the Loan Agreement by the maturity date.

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Source: SEC EDGAR

accession 0001096906-25-000111

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