---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-102810"
form_type: "8-K"
ticker: null
cik: "0001862993"
company_name: "AP Acquisition Corp"
filed_at: "2023-09-21T23:59:59+00:00"
generated_at: "2026-06-10T11:13:33.345552+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# AP Acquisition Corp extends business combination deadline to June 21, 2024; sponsor to fund trust monthly

## Summary
- Shareholders approved extension of deadline from Sept 21, 2023 to June 21, 2024.
- Sponsor issued $1.8M promissory note for $200K monthly deposits into trust account.
- Working capital loan note of up to $160K issued to sponsor; no interest, payable after business combination.
- Holders of 5,947,466 Class A shares exercised redemption rights in connection with the vote.
- Extension Amendment Proposal passed with 17,169,996 votes for, 186,840 against, 0 abstentions.

## SEC filing metadata
- accession: 0001104659-23-102810
- form_type: 8-K
- cik: 0001862993
- company_name: AP Acquisition Corp
- filed_at: 2023-09-21T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 5.03, 5.07, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1862993/000110465923102810/0001104659-23-102810-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1862993/000110465923102810/tm2326402d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-102810
- JSON: https://secwatch.observer/filing/0001104659-23-102810.json
- Plain text: https://secwatch.observer/filing/0001104659-23-102810.txt

## Key facts
- Debt Financings
  AP Acquisition Corp incurred loan of $200,000 each month with AP Sponsor LLC at no fees, payments or other amounts shall be due to Payee maturing June 21, 2024 or such earlier date as determined by the Company’s board of directors the "Extended Date".
  - Instrument: loan
  - Principal: $200,000 each month
  - Counterparty: AP Sponsor LLC
  - Rate: no fees, payments or other amounts shall be due to Payee
  - Maturity: June 21, 2024 or such earlier date as determined by the Company’s board of directors the "Extended Date"
  - Event: incurrence
  source text: On September 19, 2023, AP Acquisition Corp (the “Company”) issued a promissory note (the “Extension Note”) to AP Sponsor LLC or its registered assigns or successors in interest (the “Payee”), pursuant to which the Payee agreed to deposit into the Company’s trust account established in connection with its initial public offering (the “Trust Account”) $200,000 each month (or a pro rata portion thereof if less than a month) (each a “Deposit”) until the earlier of (i) the date of the extraordinary general meeting held in connection with a shareholder vote to approve a business combination, and (ii) June 21, 2024
  evidence_url: https://www.sec.gov/Archives/edgar/data/1862993/000110465923102810/0001104659-23-102810-index.htm
- Debt Financings
  AP Acquisition Corp incurred loan of up to $160,000 with AP Sponsor LLC at no interest maturing promptly after the date on which the Company consummates an initial business combination.
  - Instrument: loan
  - Principal: up to $160,000
  - Counterparty: AP Sponsor LLC
  - Rate: no interest
  - Maturity: promptly after the date on which the Company consummates an initial business combination
  - Event: incurrence
  source text: On September 19, 2023, the Company issued a promissory note (the “Working Capital Loan Note”) in the principal amount of up to $160,000 to the Payee.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1862993/000110465923102810/0001104659-23-102810-index.htm
- Governance Changes
  AP Acquisition Corp: Company held an extraordinary general meeting of shareholders to vote on a proposal, but the excerpt does not describe any actual amendment or other governance change (effective 2023-09-15).
  - Effective: 2023-09-15
  source text: On September 15, 2023, the Company held an extraordinary general meeting of shareholders (the “Extraordinary General Meeting”) to vote on the proposal described under
  evidence_url: https://www.sec.gov/Archives/edgar/data/1862993/000110465923102810/0001104659-23-102810-index.htm
- Shareholder Votes
  AP Acquisition Corp shareholders approved Amendment to amended and restated memorandum and articles of association to extend the date to consummate a business combination at the 2023-09-15 meeting.
  - Proposal: merger approval
  - Outcome: passed
  - Meeting: 2023-09-15
  source text: The voting results for the Extension Amendment Proposal were as follows: The Extension Amendment Proposal For Against Abstain 17,169,996 186,840 0
  evidence_url: https://www.sec.gov/Archives/edgar/data/1862993/000110465923102810/0001104659-23-102810-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.