secwatch.observer — SEC 8-K summary
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Issuer:     ACCRETION ACQUISITION CORP. (—)
CIK:        0001855555
Form:       8-K
Filed at:   2023-11-21T23:59:59+00:00
Accession:  0001104659-23-120349
Event type: other_material
Sentiment:  negative
Materiality: 0.60
Item codes: 1.01, 2.03, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1855555/000110465923120349/0001104659-23-120349-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1855555/000110465923120349/tm2331247d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-120349

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer