Atlantic Coastal Acquisition Corp.: debt financing — Atlantic Coastal Acquisition extends business combination deadline to July 8, 2023 via $80K sponsor note

Atlantic Coastal Acquisition Corp.

Sponsor deposited $80,000 into trust account to extend deadline one month from June 8 to July 8, 2023.
Company issued $80,000 non-interest bearing, unsecured promissory note to sponsor, convertible to stock at $10.00/share upon business combination.
If no business combination, loan repayment limited to funds outside trust account or forfeited.
Extension announced via press release on June 6, 2023.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Atlantic Coastal Acquisition Corp. incurred loan of $80,000 with Atlantic Coastal Acquisition Management LLC at non-interest bearing.

Instrument: loan
Principal: $80,000
Counterparty: Atlantic Coastal Acquisition Management LLC
Rate: non-interest bearing
Event: incurrence

Exact text from the filing

issued a non-interest bearing, unsecured promissory note in the aggregate principal amount of $80,000

View on SEC.gov

Browse all debt financings →

Source: SEC EDGAR

accession 0001104659-23-068536

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.