secwatch.observer — SEC 8-K summary
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Issuer:     Everest Consolidator Acquisition Corp (—)
CIK:        0001863719
Form:       8-K
Filed at:   2023-07-14T23:59:59+00:00
Accession:  0001104659-23-081312
Event type: debt
Sentiment:  neutral
Materiality: 0.35
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1863719/000110465923081312/0001104659-23-081312-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1863719/000110465923081312/tm2321392d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-081312

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer