secwatch / observer
8-K filed May 2, 2023, 7:59 PM ET CIK 0001839998
debt confidence high sentiment neutral materiality 0.50

American Oncology Network, Inc.: debt financing — DTOC enters up to $700K working capital facility with sponsor

American Oncology Network, Inc.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

American Oncology Network, Inc. incurred loan of up to $700,000 with Digital Transformation Sponsor LLC at no interest maturing upon the earlier of (i) the date of the consummation of the Company’s initial business combination and (ii) the date of the liquidation of the Company.

Instrument
loan
Principal
up to $700,000
Counterparty
Digital Transformation Sponsor LLC
Rate
no interest
Maturity
upon the earlier of (i) the date of the consummation of the Company’s initial business combination and (ii) the date of the liquidation of the Company
Event
incurrence
Exact text from the filing
LLC (the “Sponsor”) entered into a promissory note with Digital Transformation Opportunities Corp. (“DTOC” or the “Company”), providing for an aggregate amount of loans up to $700,000 to fund the Company’s operating expenses (the “Working Capital Facility”). The Working Capital Facility bears no interest and all unpaid principal under the Working Capital
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

American Oncology Network, Inc. entered into Working Capital Facility with Digital Transformation Sponsor LLC valued at up to $700,000 (effective 2023-05-01).

Action
entry
Agreement
credit facility
Counterparty
Digital Transformation Sponsor LLC
Value
up to $700,000
Effective
2023-05-01
Exact text from the filing
On May 1, 2023, Digital Transformation Sponsor LLC (the “Sponsor”) entered into a promissory note with Digital Transformation Opportunities Corp. (“DTOC” or the “Company”), providing for an aggregate amount of loans up to $700,000 to fund the Company’s operating expenses (the “Working Capital Facility”).
View on SEC.gov

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Source: SEC EDGAR
accession 0001104659-23-054712
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