---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-049012"
form_type: "8-K"
ticker: null
cik: "0001832136"
company_name: "Osiris Acquisition Corp."
filed_at: "2023-04-24T23:59:59+00:00"
generated_at: "2026-06-16T19:27:55.892482+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Osiris increases sponsor loan to $3M, draws $1M, resolves NYSE late filing

## Summary
- Increased maximum principal of unsecured promissory note with sponsor from $1.6M to $3.0M on April 24, 2023.
- Drew additional $1.0M under the note, bringing aggregate outstanding principal to $2.5M.
- Note bears interest at 0.96% per annum, payable upon business combination or liquidation.
- NYSE notified on April 18 of non-compliance for late 2022 Form 10-K; filed on April 19, NYSE took no further action.

## SEC filing metadata
- accession: 0001104659-23-049012
- form_type: 8-K
- cik: 0001832136
- company_name: Osiris Acquisition Corp.
- filed_at: 2023-04-24T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 3.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1832136/000110465923049012/0001104659-23-049012-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1832136/000110465923049012/tm2313500d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-049012
- JSON: https://secwatch.observer/filing/0001104659-23-049012.json
- Plain text: https://secwatch.observer/filing/0001104659-23-049012.txt

## Key facts
- Debt Financings
  Osiris Acquisition Corp. incurred loan of $1,000,000 with Osiris Sponsor LLC at 0.96% per annum maturing the earlier of an initial business combination or the liquidation of the Company.
  - Instrument: loan
  - Principal: $1,000,000
  - Counterparty: Osiris Sponsor LLC
  - Rate: 0.96% per annum
  - Maturity: the earlier of an initial business combination or the liquidation of the Company
  - Event: incurrence
  source text: On April 24, 2023, the Company effected a drawdown of $1,000,000 under the Promissory Note. The aggregate principal amount outstanding under the Promissory Note is now $2,500,000. The Promissory Note bears interest at a rate of 0.96% per annum and is payable on the earlier of an initial business combination or the liquidation of the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1832136/000110465923049012/0001104659-23-049012-index.htm
- Listing & Compliance Notices
  Osiris Acquisition Corp. received a nyse deficiency notice notice regarding late filing (rules 802.01E).
  - Exchange: nyse
  - Notice: deficiency notice
  - Deficiency: late filing
  - Rules: 802.01E
  source text: April 18, 2023, the Company received a notice from the New York Stock Exchange (“NYSE”) stating that the Company was not in compliance with Section 802.01E of the NYSE Listed Company Manual as a result of its failure to timely file its Annual Report on Form 10-K for the year ended December 31, 2022 with the SEC (the “2022 Form 10-K”). On April 19, 2023, the Company filed the 2022 Form 10-K and was advised by the NYSE that no further action was required or would be taken by the NYSE.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1832136/000110465923049012/0001104659-23-049012-index.htm
- Material Agreements
  Osiris Acquisition Corp. amended Amendment No. 1 with Osiris Sponsor LLC valued at up to $3,000,000 (effective 2023-04-24).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Osiris Sponsor LLC
  - Value: up to $3,000,000
  - Effective: 2023-04-24
  source text: On April 24, 2023, Osiris Acquisition Corp. (the “Company”) entered into Amendment No. 1 (“Amendment No. 1”) to the unsecured promissory note originally in the principal amount up to $1,600,000 (the “Promissory Note”) to Osiris Sponsor LLC, a Delaware limited liability company (the “Sponsor”), pursuant to which the Sponsor agreed to loan to the Company up to $1,600,000. Amendment No. 1 increases the maximum principal amount of the Promissory Note from $1,600,000 to $3,000,000.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1832136/000110465923049012/0001104659-23-049012-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.