---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-053721"
form_type: "8-K"
ticker: "ASBP"
cik: "0001847345"
company_name: "Aspire Biopharma Holdings, Inc."
filed_at: "2023-05-01T23:59:59+00:00"
generated_at: "2026-06-16T05:20:36.765269+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# PowerUp Acquisition enters non-redemption deal to secure 150K shares for extension vote

## Summary
- Third party agreed not to redeem 150,000 Class A ordinary shares at extraordinary general meeting for extension approval.
- Sponsor will transfer 75,000 Class B ordinary shares to investor after completion of an initial business combination.
- Proposed extension moves deadline from May 23, 2023 to May 23, 2024 for initial business combination.
- Agreement does not increase likelihood of extension approval but retains funds in trust account.

## SEC filing metadata
- accession: 0001104659-23-053721
- form_type: 8-K
- ticker: ASBP
- cik: 0001847345
- company_name: Aspire Biopharma Holdings, Inc.
- filed_at: 2023-05-01T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1847345/000110465923053721/0001104659-23-053721-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1847345/000110465923053721/tm2314231d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-053721
- JSON: https://secwatch.observer/filing/0001104659-23-053721.json
- Plain text: https://secwatch.observer/filing/0001104659-23-053721.txt

## Key facts
- Material Agreements
  Aspire Biopharma Holdings, Inc. entered into Non-Redemption Agreement and Assignment of Economic Interest with unaffiliated third party (effective 2023-04-27).
  - Action: entry
  - Counterparty: unaffiliated third party
  - Effective: 2023-04-27
  source text: On April 27, 2023, PowerUp Sponsor LLC (the “ Sponsor ”), the sponsor of PowerUp Acquisition Corp. (the “ Company ”), and the Company, entered into a Non-Redemption Agreement and Assignment of Economic Interest (the “ Non-Redemption Agreement ”) with an unaffiliated third party
  evidence_url: https://www.sec.gov/Archives/edgar/data/1847345/000110465923053721/0001104659-23-053721-index.htm

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