secwatch.observer — SEC 8-K summary
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Issuer:     Gardiner Healthcare Acquisitions Corp. (—)
CIK:        0001858912
Form:       8-K
Filed at:   2023-05-05T23:59:59+00:00
Accession:  0001104659-23-056643
Event type: debt
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Gardiner Healthcare issues $425K in promissory notes to fund operations; sponsor pledges shares as inducement
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- Issued five unsecured promissory notes totaling $425,000 to Seisun Capital, Spriggs, Rinker, Sukenik, and Stack.
- Notes mature June 27, 2023 (extendable) or upon closing of an initial business combination; no interest accrues.
- Sponsor Gardiner Healthcare Holdings to transfer ~9.984 shares per $100 loaned to lenders upon business combination.
- Loans intended for costs related to the Company's operations and preparation for a business combination.
- Lenders waive any claim against the trust account from the IPO; notes are unsecured.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1858912/000110465923056643/0001104659-23-056643-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1858912/000110465923056643/tm2314811d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-056643

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