secwatch.observer — SEC 8-K summary
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Issuer:     Bite Acquisition Corp. (—)
CIK:        0001831270
Form:       8-K
Filed at:   2023-03-29T23:59:59+00:00
Accession:  0001104659-23-038324
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bite Acquisition Corp. enters up to $2M promissory note with sponsor, replacing prior $700K note
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- Principal up to $2M, non-interest bearing, due at initial business combination.
- Replaces and supersedes prior $700K promissory note from June 2022.
- Sponsor may convert up to $1.5M of principal into units at $10/unit on business combination.
- Note is unsecured; proceeds for working capital; customary events of default apply.
- Sponsor waives any claim against the trust account for repayment.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1831270/000110465923038324/0001104659-23-038324-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1831270/000110465923038324/tm2232448d6_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-038324

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