secwatch.observer — SEC 8-K summary
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Issuer:     Crown PropTech Acquisitions (CPTKW)
CIK:        0001827899
Form:       8-K
Filed at:   2022-07-14T23:59:59+00:00
Accession:  0001104659-22-079899
Event type: other_material
Sentiment:  negative
Materiality: 0.85
Item codes: 1.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1827899/000110465922079899/0001104659-22-079899-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1827899/000110465922079899/tm2220888d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-079899

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