---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-081312"
form_type: "8-K"
ticker: null
cik: "0001863719"
company_name: "Everest Consolidator Acquisition Corp"
filed_at: "2023-07-14T23:59:59+00:00"
generated_at: "2026-06-13T08:26:05.315970+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# Everest Consolidator Acquisition Corp. issues $1.5M promissory note to sponsor for working capital

## Summary
- Unsecured note issued to Sponsor, Everest Consolidator Sponsor, LLC, on May 7, 2023 for up to $1,500,000.
- Note bears 6% interest; total repayment capped at $1,500,000 plus accrued interest.
- Repayment due by Dec 31, 2023 or upon completion of initial business combination, whichever is earlier.
- Loan proceeds intended for working capital needs before business combination.

## SEC filing metadata
- accession: 0001104659-23-081312
- form_type: 8-K
- cik: 0001863719
- company_name: Everest Consolidator Acquisition Corp
- filed_at: 2023-07-14T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1863719/000110465923081312/0001104659-23-081312-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1863719/000110465923081312/tm2321392d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-081312
- JSON: https://secwatch.observer/filing/0001104659-23-081312.json
- Plain text: https://secwatch.observer/filing/0001104659-23-081312.txt

## Key facts
- Debt Financings
  Everest Consolidator Acquisition Corp incurred loan of up to $1,500,000 with Everest Consolidator Sponsor, LLC at 6% maturing December 31, 2023 or the consummation of the Company's initial business combination.
  - Instrument: loan
  - Principal: up to $1,500,000
  - Counterparty: Everest Consolidator Sponsor, LLC
  - Rate: 6%
  - Maturity: December 31, 2023 or the consummation of the Company's initial business combination
  - Event: incurrence
  source text: On May 7, 2023, Everest Consolidator Acquisition Corporation. (the "Company") issued an unsecured promissory note (the "Note") in the principal amount of up to $1,500,000 to Everest Consolidator Sponsor, LLC (the "Sponsor"). The Note obliges the Company to repay the total amount drawn, together with accrued interest at the rate of 6% on the total amount drawn
  evidence_url: https://www.sec.gov/Archives/edgar/data/1863719/000110465923081312/0001104659-23-081312-index.htm

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