---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-060945"
form_type: "8-K"
ticker: "ASBP"
cik: "0001847345"
company_name: "Aspire Biopharma Holdings, Inc."
filed_at: "2023-05-15T23:59:59+00:00"
generated_at: "2026-06-15T01:35:50.259565+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# PowerUp enters additional non-redemption deals covering 1.5M shares ahead of extension vote

## Summary
- Non-redemption agreements with unaffiliated third parties on May 9 and May 12, 2023 covering 1,500,000 Class A shares.
- In exchange, Sponsor transfers 750,000 Class B shares to those investors after a business combination.
- Shares remain in trust after Extraordinary General Meeting; extension proposal seeks to push deadline to May 2024.
- Agreements are not expected to affect approval likelihood but will increase trust account funds.

## SEC filing metadata
- accession: 0001104659-23-060945
- form_type: 8-K
- ticker: ASBP
- cik: 0001847345
- company_name: Aspire Biopharma Holdings, Inc.
- filed_at: 2023-05-15T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1847345/000110465923060945/0001104659-23-060945-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1847345/000110465923060945/tm2315876d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-060945
- JSON: https://secwatch.observer/filing/0001104659-23-060945.json
- Plain text: https://secwatch.observer/filing/0001104659-23-060945.txt

## Key facts
- Material Agreements
  Aspire Biopharma Holdings, Inc. entered into Non-Redemption Agreements with certain unaffiliated third parties (effective 2023-05-09).
  - Action: entry
  - Counterparty: certain unaffiliated third parties
  - Effective: 2023-05-09
  source text: On May 9, 2023 and May 12, 2023, the Sponsor and the Company entered into additional Non-Redemption Agreements with additional unaffiliated third parties.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1847345/000110465923060945/0001104659-23-060945-index.htm

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