Roth CH Acquisition V Co.: debt financing — Roth CH Acquisition V Co. issues up to $750K promissory note; amends non-redemption agreements

Roth CH Acquisition V Co.

Issued unsecured promissory note for up to $750,000, due at business combination or liquidation.
Note bears no interest; proceeds will fund extension payments and general corporate expenses.
Amended non-redemption agreements to clarify $0.04 per share per month extension payment by company or initial stockholders.

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

Roth CH Acquisition V Co. incurred loan of up to $750,000 at no interest rate maturing the earlier of the Business Combination or liquidation.

Instrument: loan
Principal: up to $750,000
Rate: no interest rate
Maturity: the earlier of the Business Combination or liquidation
Event: incurrence

Exact text from the filing

On July 26, 2023, the Company issued an unsecured promissory note in the aggregate principal amount of up to $750,000 (the "Note") to individuals or entities listed on the Note (the "Payees").

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Roth CH Acquisition V Co. amended Amendments with certain stockholders valued at $0.04 per share (effective 2023-07-20).

Action: amendment
Counterparty: certain stockholders
Value: $0.04 per share
Effective: 2023-07-20

Exact text from the filing

On July 20, 2023, the Company entered into amendments (the “Amendments”) to the the Non-Redemption Agreements to provide that the Company or certain initial stockholders of the Company, or their affiliates or designees, shall pay such stockholders that entered into the Non-Redemption Agreements $0.04 per share for each one-month extension in connection with such agreements.

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Source: SEC EDGAR

accession 0001104659-23-085366

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