ACCRETION ACQUISITION CORP.: debt financing — Accretion Acquisition Corp. extends business combination deadline to Oct 25, 2023 with $80K sponsor note

ACCRETION ACQUISITION CORP.

Issued $80,000 unsecured promissory note to sponsor Accretion Acquisition Sponsor, LLC to fund a one-month extension.
Board extended deadline from September 25, 2023 to October 25, 2023 under previously stockholder-approved amendment.
Note is non-interest bearing, due upon liquidation or business combination; if no deal, note forgiven except for trust funds.

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

ACCRETION ACQUISITION CORP. incurred loan of $80,000 with Accretion Acquisition Sponsor, LLC at bears no interest maturing upon the earlier of (a) the liquidation of the Company and (b) the closing date on which the Company consummates a merger, capital stock exchange, asset acquisi.

Instrument: loan
Principal: $80,000
Counterparty: Accretion Acquisition Sponsor, LLC
Rate: bears no interest
Maturity: upon the earlier of (a) the liquidation of the Company and (b) the closing date on which the Company consummates a merger, capital stock exchange, asset acquisi
Event: incurrence

Exact text from the filing

On September 15, 2023, Accretion Acquisition Corp. (the “Company”) issued an unsecured promissory note (the “Note”) to Accretion Acquisition Sponsor, LLC (the “Sponsor”) in the principal amount of $80,000 in connection with the Extension (as defined below).

View on SEC.gov

Browse all debt financings →

Source: SEC EDGAR

accession 0001104659-23-101936

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.