---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-061365"
form_type: "8-K"
ticker: null
cik: "0001817565"
company_name: "Financial Strategies Acquisition Corp."
filed_at: "2023-05-16T23:59:59+00:00"
generated_at: "2026-06-14T23:57:22.074287+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.2
calibrated_materiality_score: 0.2
confidence: "high"
source: SEC EDGAR
---

# FXCO draws $50K from promissory note to extend merger deadline to June 14, 2023

## Summary
- Fifth $50,000 drawdown under $600,000 promissory note from co-sponsor affiliate.
- Proceeds deposited into trust account to extend Business Combination deadline from May 14 to June 14, 2023.
- Note matures upon earlier of Business Combination close or liquidation; lender can convert into private units at $10.00 per unit.
- This is the fifth of up to 12 monthly $50,000 drawdowns allowed.

## SEC filing metadata
- accession: 0001104659-23-061365
- form_type: 8-K
- cik: 0001817565
- company_name: Financial Strategies Acquisition Corp.
- filed_at: 2023-05-16T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.2
- calibrated_materiality_score: 0.2
- confidence: high
- sec_items: 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1817565/000110465923061365/0001104659-23-061365-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1817565/000110465923061365/tm2315939d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-061365
- JSON: https://secwatch.observer/filing/0001104659-23-061365.json
- Plain text: https://secwatch.observer/filing/0001104659-23-061365.txt

## Key facts
- Debt Financings
  Financial Strategies Acquisition Corp. incurred loan of up to $600,000 with an affiliate of its co-sponsors, Temmelig Investor LLC at does not bear interest maturing upon the earlier of (a) the closing of a Business Combination and (b) the Company's liquidation.
  - Instrument: loan
  - Principal: up to $600,000
  - Counterparty: an affiliate of its co-sponsors, Temmelig Investor LLC
  - Rate: does not bear interest
  - Maturity: upon the earlier of (a) the closing of a Business Combination and (b) the Company's liquidation
  - Event: incurrence
  source text: issued an unsecured promissory note in the principal amount of $600,000 (the “Promissory Note”) to an affiliate of its co-sponsors, Temmelig Investor LLC, a Delaware limited liability company (the “Lender”), pursuant to which the Lender agreed to loan to the Company up to $600,000
  evidence_url: https://www.sec.gov/Archives/edgar/data/1817565/000110465923061365/0001104659-23-061365-index.htm
- Debt Financings
  Financial Strategies Acquisition Corp. incurred loan of $50,000 with Temmelig Investor LLC at does not bear interest.
  - Instrument: loan
  - Principal: $50,000
  - Counterparty: Temmelig Investor LLC
  - Rate: does not bear interest
  - Event: incurrence
  source text: On May 12, 2023, the Company effected the fifth drawdown of $50,000 under the Promissory Note
  evidence_url: https://www.sec.gov/Archives/edgar/data/1817565/000110465923061365/0001104659-23-061365-index.htm

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