{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-061436","form_type":"8-K","ticker":null,"cik":"0001828248","company_name":"Churchill Capital Corp VII","filed_at":"2023-05-16T23:59:59+00:00","discovered_at":"2026-05-14T18:03:40.940755+00:00","generated_at":"2026-06-15T00:00:02.713661+00:00","sec_items":["1.01","2.03","5.03","8.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Churchill Capital Corp VII loses ~$816M in redemptions, extends deadline to Feb 2024","bullets":["Holders redeemed 79.98M shares at ~$10.21/share, total ~$816.28M removed from trust.","After redemptions, 58M shares remain; trust holds ~$592M before sponsor contributions.","Charter extended from May 17, 2023 to February 17, 2024 for business combination.","Sponsor commits up to $9M via monthly $1M deposits into trust starting May 17, 2023."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-061436","json":"https://secwatch.observer/filing/0001104659-23-061436.json","markdown":"https://secwatch.observer/filing/0001104659-23-061436.md","text":"https://secwatch.observer/filing/0001104659-23-061436.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1828248/000110465923061436/0001104659-23-061436-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1828248/000110465923061436/tm2315840d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T00:00:02.713661+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"188f12855d5b86c953a99283d563488aacae05c2","claim":"Churchill Capital Corp VII incurred loan with Churchill Sponsor VII LLC at non-interest bearing maturing the earlier of (1) the date the Company consummates the Business Combination and (2) the date that the winding up of the Company is effective.","evidence_excerpt":"Such Contributions will be made pursuant to a non-interest bearing, unsecured promissory note (the “Promissory Note”), which was issued by the Company to the Sponsor on May 16, 2023.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1828248/000110465923061436/0001104659-23-061436-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Counterparty","value":"Churchill Sponsor VII LLC"},{"label":"Rate","value":"non-interest bearing"},{"label":"Maturity","value":"the earlier of (1) the date the Company consummates the Business Combination and (2) the date that the winding up of the Company is effective"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"ed0164fb55e72920b55037236966903ae7f8c9d9","claim":"Churchill Capital Corp VII: Extended deadline to consummate initial business combination from May 17, 2023 to February 17, 2024 (effective 2023-05-16).","evidence_excerpt":"the Company filed the Charter Amendment with the Secretary of State of the State of Delaware on May 16, 2023.","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1828248/000110465923061436/0001104659-23-061436-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"charter amendment"},{"label":"Effective","value":"2023-05-16"}],"fact_type":"governance_change"},{"claim_id":"c7bc49984b051ee655e1b96a530660715d1ad978","claim":"Churchill Capital Corp VII entered into Promissory Note with Churchill Sponsor VII LLC (effective 2023-05-16).","evidence_excerpt":"Such Contributions will be made pursuant to a non-interest bearing, unsecured promissory note (the “Promissory Note”), which was issued by the Company to the Sponsor on May 16, 2023.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1828248/000110465923061436/0001104659-23-061436-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Counterparty","value":"Churchill Sponsor VII LLC"},{"label":"Effective","value":"2023-05-16"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}