--- schema_version: "secwatch.filing_event.v1" accession: "0001104659-23-048307" form_type: "8-K" ticker: null cik: "0001855555" company_name: "ACCRETION ACQUISITION CORP." filed_at: "2023-04-21T23:59:59+00:00" generated_at: "2026-06-16T21:43:54.016499+00:00" event_type: "other_material" sentiment: "negative" materiality_score: 0.75 calibrated_materiality_score: 0.75 confidence: "high" source: SEC EDGAR --- # SPAC Accretion Acquisition extends deadline to July 25; $159M redeemed by stockholders ## Summary - Charter amendment extends business combination deadline from April 25, 2023 to July 25, 2023, with option for five monthly extensions to December 25, 2023. - Issued $240,000 unsecured promissory note to sponsor to fund extension; no interest, due upon liquidation or business combination. - Stockholders redeemed 15,395,704 shares for ~$159.0 million (~$10.33/share) from trust account. ## SEC filing metadata - accession: 0001104659-23-048307 - form_type: 8-K - cik: 0001855555 - company_name: ACCRETION ACQUISITION CORP. - filed_at: 2023-04-21T23:59:59+00:00 - event_type: other_material - sentiment: negative - materiality_score: 0.75 - calibrated_materiality_score: 0.75 - confidence: high - sec_items: 1.01, 2.03, 5.03, 8.01, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1855555/000110465923048307/0001104659-23-048307-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1855555/000110465923048307/tm2313403d1_8k.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001104659-23-048307 - JSON: https://secwatch.observer/filing/0001104659-23-048307.json - Plain text: https://secwatch.observer/filing/0001104659-23-048307.txt ## Key facts - Debt Financings ACCRETION ACQUISITION CORP. incurred loan of $240,000 with Accretion Acquisition Sponsor, LLC at no interest maturing due and payable upon the earlier of (a) the liquidation of the Company and (b) the closing date on which the Company consummates a merger, capital stock exchang. - Instrument: loan - Principal: $240,000 - Counterparty: Accretion Acquisition Sponsor, LLC - Rate: no interest - Maturity: due and payable upon the earlier of (a) the liquidation of the Company and (b) the closing date on which the Company consummates a merger, capital stock exchang - Event: incurrence source text: On April 21, 2023, Accretion Acquisition Corp. (the " Company ") issued an unsecured promissory note (the " Note ") to Accretion Acquisition Sponsor, LLC (the " Sponsor ") in the principal amount of $240,000 in connection with the Charter Amendment (as defined below). The Note bears no interest and is due and payable upon the earlier of (a) the liquidation of the Company and (b) the closing date on which the Company consummates a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses or entities (an " Initial Business Combination "). If an Initial Business Combination is not consummated, the Note will not be repaid and all amounts owed thereunder will be forgiven except to the extent that the Company has funds available to it outside of its trust account (the " Trust Account ") established in connection with its initial public offering. The issuance of the Note was exempt pursuant to Section 4(a)(2) evidence_url: https://www.sec.gov/Archives/edgar/data/1855555/000110465923048307/0001104659-23-048307-index.htm - Governance Changes ACCRETION ACQUISITION CORP.: Amended certificate of incorporation to extend the deadline for consummating an initial business combination from April 25, 2023 to July 25, 2023, with options for monthly extensions up to December 25, 2023 (effective 2023-04-21). - Change: charter amendment - Effective: 2023-04-21 source text: As approved by the Company’s stockholders at the special meeting (the “ Special Meeting ”) of stockholders on April 14, 2023, the Company filed an amendment to the Company’s amended and restated certificate of incorporation (the “ Charter Amendment ”) to extend the date (the “ Termination Date ”) by which the Company has to consummate an Initial Business Combination from April 25, 2023 (the “ Original Termination Date ”) to July 25, 2023 (the “ Charter Extension Date ”) and to allow the Company, without another stockholder vote, to elect to extend the Termination Date to consummate an Initial Business Combination on a monthly basis up to five times by an additional one month each time after the Charter Extension Date, by resolution of the Company’s board of directors, if requested by the Sponsor, and upon five days’ advance notice prior to the applicable Termination Date, until December 25, 2023, or a total of up to eight months after the Original Termination Date, unless the closing o evidence_url: https://www.sec.gov/Archives/edgar/data/1855555/000110465923048307/0001104659-23-048307-index.htm - Material Agreements ACCRETION ACQUISITION CORP. entered into Note with Accretion Acquisition Sponsor, LLC valued at $240,000 (effective 2023-04-21). - Action: entry - Agreement: notes offering - Counterparty: Accretion Acquisition Sponsor, LLC - Value: $240,000 - Effective: 2023-04-21 source text: On April 21, 2023, Accretion Acquisition Corp. (the “ Company ”) issued an unsecured promissory note (the “ Note ”) to Accretion Acquisition Sponsor, LLC (the “ Sponsor ”) in the principal amount of $240,000 in connection with the Charter Amendment (as defined below). evidence_url: https://www.sec.gov/Archives/edgar/data/1855555/000110465923048307/0001104659-23-048307-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.