secwatch.observer — SEC 8-K summary
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Issuer:     ACCRETION ACQUISITION CORP. (—)
CIK:        0001855555
Form:       8-K
Filed at:   2023-08-22T23:59:59+00:00
Accession:  0001104659-23-094235
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Accretion Acquisition Corp. issues $185K in promissory notes to sponsor; extends deadline to Sept. 25, 2023
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- Issued $80,000 unsecured Extension Note to sponsor to fund one-month extension of business combination deadline to Sept. 25, 2023.
- Issued $105,000 unsecured Working Capital Note to sponsor for general working capital needs.
- Notes bear no interest; due upon earlier of liquidation or closing of initial business combination, or forgiven if no deal occurs.
- Board approved extension per previously amended charter allowing up to five monthly extensions through Dec. 25, 2023.
- Company still seeking initial business combination; funds provided to trust account and for operational liquidity.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1855555/000110465923094235/0001104659-23-094235-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1855555/000110465923094235/tm2324326d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-094235

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