Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Inspirato Inc incurred convertible notes of $25,000,000 with Oakstone Ventures, Inc. at 8% per annum maturing five-year anniversary of the Closing.
- Instrument
- convertible notes
- Principal
- $25,000,000
- Counterparty
- Oakstone Ventures, Inc.
- Rate
- 8% per annum
- Maturity
- five-year anniversary of the Closing
- Event
- incurrence
Exact text from the filing
Corporation (“ Capital One ”), relating to the issuance and sale to the Purchaser of an 8% Senior Secured Convertible Note due 2028 having an aggregate principal amount of $25,000,000 (the “ Initial Note ”). The closing of the transactions contemplated by the Investment Agreement (the “ Transaction ”) is subject to certain closing conditions as described below
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Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
Inspirato Inc updated its quarter ended June 30, 2023 guidance (reaffirmed).
- Period
- quarter ended June 30, 2023
- Guidance
- reaffirmed
- Result
- reported results
Exact text from the filing
On August 8, 2023, the Company issued a press release announcing its financial results for the quarter ended June 30, 2023.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
Inspirato Inc entered into Investment Agreement with Oakstone Ventures, Inc. valued at 8% Senior Secured Convertible Note due 2028, aggregate principal amount of $25,000,000 (effective 2023-08-07).
- Action
- entry
- Agreement
- notes offering
- Counterparty
- Oakstone Ventures, Inc.
- Value
- 8% Senior Secured Convertible Note due 2028, aggregate principal amount of $25,000,000
- Effective
- 2023-08-07
Exact text from the filing
On August 7, 2023, Inspirato Incorporated (the “ Company ”) entered into an investment agreement (the “ Investment Agreement ”) with Oakstone Ventures, Inc. (the “ Purchaser ”), an affiliate of Capital One Financial Corporation (“ Capital One ”), relating to the issuance and sale to the Purchaser of an 8% Senior Secured Convertible Note due 2028 having an aggregate principal amount of $25,000,000
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