AP Acquisition Corp: debt financing — AP Acquisition Corp issues $300K working capital note to sponsor AP Sponsor LLC

AP Acquisition Corp

Promissory note for up to $300K issued to AP Sponsor LLC for working capital expenses.
Note bears no interest; principal payable promptly after initial business combination.
Payee waives any claim to trust account proceeds; repayment only from funds outside trust if no business combination.
Note issued under Section 4(a)(2) exemption from Securities Act registration.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.95

AP Acquisition Corp incurred loan of principal amount of up to $300,000 at bears no interest maturing payable promptly after the date on which the Company consummates an initial business combination.

Instrument: loan
Principal: principal amount of up to $300,000
Rate: bears no interest
Maturity: payable promptly after the date on which the Company consummates an initial business combination
Event: incurrence

Exact text from the filing

On November 3, 2023, the Company issued a promissory note (the “Working Capital Loan Note”) in the principal amount of up to $300,000 to the Payee.

View on SEC.gov

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

AP Acquisition Corp entered into Working Capital Loan Note with Payee valued at principal amount of up to $300,000 (effective 2023-11-03).

Action: entry
Agreement: credit facility
Counterparty: Payee
Value: principal amount of up to $300,000
Effective: 2023-11-03

Exact text from the filing

On November 3, 2023, the Company issued a promissory note (the “Working Capital Loan Note”) in the principal amount of up to $300,000 to the Payee.

View on SEC.gov

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Source: SEC EDGAR

accession 0001104659-23-115215

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