---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-120349"
form_type: "8-K"
ticker: null
cik: "0001855555"
company_name: "ACCRETION ACQUISITION CORP."
filed_at: "2023-11-21T23:59:59+00:00"
generated_at: "2026-06-07T22:52:12.293505+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Accretion Acquisition terminates LOI with New Era Helium; extends deadline to Dec 25, 2023

## Summary
- Abandoned non-binding LOI with New Era Helium Corp. for a business combination; will continue pursuing other targets.
- Board extended business combination deadline from Nov 25 to Dec 25, 2023 via one-month extension.
- Issued $80,000 unsecured promissory note to sponsor to fund the trust extension.
- Issued $200,000 unsecured working capital note to sponsor; both notes are zero-interest, due at closing or liquidation.

## SEC filing metadata
- accession: 0001104659-23-120349
- form_type: 8-K
- cik: 0001855555
- company_name: ACCRETION ACQUISITION CORP.
- filed_at: 2023-11-21T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1855555/000110465923120349/0001104659-23-120349-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1855555/000110465923120349/tm2331247d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-120349
- JSON: https://secwatch.observer/filing/0001104659-23-120349.json
- Plain text: https://secwatch.observer/filing/0001104659-23-120349.txt

## Key facts
- Debt Financings
  ACCRETION ACQUISITION CORP. incurred loan of $80,000 with Accretion Acquisition Sponsor, LLC at 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: 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
  source text: On November 17, 2023, Accretion Acquisition Corp. (the "Company") issued (i) an unsecured promissory note (the "Extension Note") to Accretion Acquisition Sponsor, LLC (the "Sponsor") in the principal amount of $80,000 in connection with the Extension (as defined below) and (ii) an unsecured promissory note (the "Working Capital Note" and together with the Extension Note, the "Notes) to the Sponsor in the principal amount of $200,000 for working capital purposes.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1855555/000110465923120349/0001104659-23-120349-index.htm

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