{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-040852","form_type":"8-K","ticker":null,"cik":"0001822929","company_name":"Eucrates Biomedical Acquisition Corp.","filed_at":"2023-04-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:40.886335+00:00","generated_at":"2026-06-17T07:13:33.405156+00:00","sec_items":["2.03"],"event_type":"debt","sentiment":"neutral","materiality_score":0.2,"calibrated_materiality_score":0.2,"confidence":"high","headline":"Eucrates Biomedical draws additional $150k from sponsor promissory note","bullets":["Company drew $150,000 on March 31, 2023 under unsecured promissory note from sponsor Eucrates LLC.","Total drawn now $246,000 (previously $96,000 drawn on Feb 15, 2023); maximum borrowing $500,000.","Note is non-interest bearing; convertible into units at $10.00 per unit at sponsor's option.","Repayment from working capital outside trust if no business combination; if completed, from company funds."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-040852","json":"https://secwatch.observer/filing/0001104659-23-040852.json","markdown":"https://secwatch.observer/filing/0001104659-23-040852.md","text":"https://secwatch.observer/filing/0001104659-23-040852.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1822929/000110465923040852/0001104659-23-040852-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1822929/000110465923040852/tm2311405d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-17T07:13:33.405156+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"d40e120110708f1117844a08ab14a9a6b636c3d0","claim":"Eucrates Biomedical Acquisition Corp. incurred loan of $150,000 with Eucrates LLC at does not bear any interest.","evidence_excerpt":"On March 31, 2023, the Company drew an additional $150,000 on the Promissory Note.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1822929/000110465923040852/0001104659-23-040852-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"$150,000"},{"label":"Counterparty","value":"Eucrates LLC"},{"label":"Rate","value":"does not bear any interest"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}