secwatch.observer — SEC 8-K summary
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Issuer:     Everest Consolidator Acquisition Corp (—)
CIK:        0001863719
Form:       8-K
Filed at:   2023-12-13T23:59:59+00:00
Accession:  0001104659-23-125784
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Everest Consolidator Acquisition amends sponsor promissory note, ups principal to $3.5M
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- Principal increased to $3,500,000; maturity extended to earlier of business combination close or Feb 28, 2024.
- Interest at 6.0% on first $1.5M drawn and 18.0% on any amount drawn above $1.5M.
- Note is unsecured; sponsor waives all claims against the trust account from IPO proceeds.
- Proceeds used for costs related to the May 19, 2023 Business Combination Agreement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1863719/000110465923125784/0001104659-23-125784-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1863719/000110465923125784/tm2332825d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-125784

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