secwatch.observer — SEC 8-K summary
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Issuer:     Crown PropTech Acquisitions (CPTKW)
CIK:        0001827899
Form:       8-K
Filed at:   2021-12-06T23:59:59+00:00
Accession:  0001104659-21-146824
Event type: debt
Sentiment:  neutral
Materiality: 0.40
Item codes: 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Crown PropTech Acquisitions issues $1.5M promissory note to CEO Richard Chera
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- Note up to $1,500,000 from CEO Richard Chera; no interest, due Nov 30, 2022 or upon business combination.
- Proceeds for general working capital; note convertible into warrants at $1.50/principal per warrant.
- Conversion warrants identical to private placement warrants: each exercisable for one Class A share at $11.50.
- Registration rights granted for underlying securities per existing Registration Rights Agreement.
- Loan is unsecured; default triggers acceleration; trust account waiver included.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1827899/000110465921146824/0001104659-21-146824-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1827899/000110465921146824/tm2134706d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-21-146824

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer