Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.7
Everest Consolidator Acquisition Corp incurred guarantee of aggregate original principal amount of $1,725,000 with the Noteholder.
- Instrument
- guarantee
- Principal
- aggregate original principal amount of $1,725,000
- Counterparty
- the Noteholder
- Event
- incurrence
Exact text from the filing
in respect of a promissory note with an aggregate original principal amount of $1,725,000
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
Everest Consolidator Acquisition Corp entered into Second Extension Warrants Purchase Agreement with Everest Consolidator Sponsor, LLC valued at $1.50 per warrant, $1,725,000 deposit, 1,150,000 warrants (effective 2023-05-26).
- Action
- entry
- Agreement
- underwriting
- Counterparty
- Everest Consolidator Sponsor, LLC
- Value
- $1.50 per warrant, $1,725,000 deposit, 1,150,000 warrants
- Effective
- 2023-05-26
Exact text from the filing
On May 26, 2023, the Company entered into a Private Placement Warrants Purchase Agreement (the " Second Extension Warrants Purchase Agreement ") with the Sponsor pursuant to which the Company issued to the Sponsor 1,150,000 private placement warrants (the " Second Extension Private Placement Warrants "), at a rate of $1.50 per private placement warrant, on the same terms as the private placement warrants issued to the Sponsor in connection with the closing of the Company’s initial public offering.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Everest Consolidator Acquisition Corp entered into Conditional Guaranty Agreement with Noteholder (third-party investor) valued at Guarantee of $1,725,000 promissory note principal and interest, contingent on business combination (effective 2023-05-26).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Noteholder (third-party investor)
- Value
- Guarantee of $1,725,000 promissory note principal and interest, contingent on business combination
- Effective
- 2023-05-26
Exact text from the filing
In connection with the Second Extension, the Company also entered into a Conditional Guaranty Agreement (the " Conditional Guaranty Agreement ") in favor of the Noteholder (defined below) in respect of a promissory note with an aggregate original principal amount of $1,725,000 (the " Note ") issued and sold by the Sponsor to a third-party investor (the " Noteholder ").
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