---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-106802"
form_type: "8-K"
ticker: null
cik: "0001820566"
company_name: "Inspirato Inc"
filed_at: "2023-10-04T23:59:59+00:00"
generated_at: "2026-06-10T04:56:36.936817+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Inspirato closes $25M convertible note to Capital One Ventures; creates Class B non-voting stock

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-23-106802
- form_type: 8-K
- cik: 0001820566
- company_name: Inspirato Inc
- filed_at: 2023-10-04T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 3.03, 2.03, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1820566/000110465923106802/0001104659-23-106802-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1820566/000110465923106802/tm2327220d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-106802
- JSON: https://secwatch.observer/filing/0001104659-23-106802.json
- Plain text: https://secwatch.observer/filing/0001104659-23-106802.txt

## Key facts
- Debt Financings
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1820566/000110465923106802/0001104659-23-106802-index.htm
- Material Agreements
  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
  source text: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1820566/000110465923106802/0001104659-23-106802-index.htm

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