secwatch.observer — SEC 8-K summary
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Issuer:     Atlantic Coastal Acquisition Corp. (—)
CIK:        0001836274
Form:       8-K
Filed at:   2023-07-07T23:59:59+00:00
Accession:  0001104659-23-079184
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Atlantic Coastal Acquisition extends deadline to close business combination to August 8, 2023
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- Sponsor deposited $80,000 into trust account to fund one-month extension from July 8 to August 8, 2023.
- Company issued an $80,000 non-interest bearing convertible promissory note to sponsor.
- Sponsor may convert loan into Class A common stock at $10.00 per share upon business combination close.
- If no business combination, loan repaid only from funds outside trust or forfeited.
- This is the second monthly extension; prior extension ran from June 8 to July 8, 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1836274/000110465923079184/0001104659-23-079184-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1836274/000110465923079184/tm2320882d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-079184

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