---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-22-079899"
form_type: "8-K"
ticker: "CPTKW"
cik: "0001827899"
company_name: "Crown PropTech Acquisitions"
filed_at: "2022-07-14T23:59:59+00:00"
generated_at: "2026-06-24T15:23:38.514877+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Key PIPE investor Golub terminates $68M commitment for Crown-Brivo deal

## Summary
- Golub Capital terminated its $68M Subscription Agreement on July 11, 2022, as deal not closed by July 9.
- Crown now lacks sufficient financing to meet Minimum Cash Conditions ($75M BCA Minimum and SA Minimum).
- Crown has not secured alternative financing as of this filing.
- Termination puts the proposed business combination with Brivo at risk.

## SEC filing metadata
- accession: 0001104659-22-079899
- form_type: 8-K
- ticker: CPTKW
- cik: 0001827899
- company_name: Crown PropTech Acquisitions
- filed_at: 2022-07-14T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1827899/000110465922079899/0001104659-22-079899-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1827899/000110465922079899/tm2220888d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-22-079899
- JSON: https://secwatch.observer/filing/0001104659-22-079899.json
- Plain text: https://secwatch.observer/filing/0001104659-22-079899.txt

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