Inspirato Inc: debt financing — Inspirato closes $25M convertible note to Capital One Ventures; creates Class B non-voting stock

Inspirato Inc

Closed $25M 8% senior secured convertible note due 2028 with Capital One Ventures (formerly Oakstone Ventures).
Shareholders approved creation of Class B non-voting common stock at Sep 26 special meeting.
Commercial agreement executed between Inspirato LLC and an affiliate of Capital One Ventures.
CEO Eric Grosse says investment supports long-term profitability goals and strategic partnership.

item 1.01 item 3.03 item 2.03 item 3.02 item 8.01 item 9.01

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

Inspirato Inc incurred convertible notes of $25,000,000 with Oakstone Ventures, Inc. at 8% maturing due 2028.

Instrument: convertible notes
Principal: $25,000,000
Counterparty: Oakstone Ventures, Inc.
Rate: 8%
Maturity: due 2028
Event: incurrence

Exact text from the filing

sale and issuance to Oakstone Ventures, Inc. (the “Purchaser”) of an 8% Senior Secured Convertible Note due 2028 in an aggregate principal amount of $25,000,000

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

Inspirato Inc amended Tenth Amended and Restated Limited Liability Company Agreement of Inspirato LLC with other members of Inspirato LLC (effective 2023-09-29).

Action: amendment
Counterparty: other members of Inspirato LLC
Effective: 2023-09-29

Exact text from the filing

On September 29, 2023, Inspirato Incorporated (the “ Company”) and the other members of Inspirato LLC entered into the Tenth Amended and Restated Limited Liability Company Agreement of Inspirato LLC (the “Restated LLCA”).

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Source: SEC EDGAR

accession 0001104659-23-106802

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