secwatch.observer — SEC 8-K summary
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Issuer:     ACCRETION ACQUISITION CORP. (—)
CIK:        0001855555
Form:       8-K
Filed at:   2023-04-21T23:59:59+00:00
Accession:  0001104659-23-048307
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 1.01, 2.03, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SPAC Accretion Acquisition extends deadline to July 25; $159M redeemed by stockholders
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1855555/000110465923048307/0001104659-23-048307-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1855555/000110465923048307/tm2313403d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-048307

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