AP Acquisition Corp: debt financing — AP Acquisition Corp enters into $500K working capital loan note with sponsor

AP Acquisition Corp

Promissory note for up to $500,000 issued to AP Sponsor LLC for working capital.
Note bears no interest and is payable promptly after closing an initial business combination.
Loan is non-convertible and non-recourse; repayment limited to funds outside trust if no deal.
Issuance exempt from registration under Section 4(a)(2) of Securities Act.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

AP Acquisition Corp incurred loan of up to $500,000 with Payee at bears no interest maturing promptly after the date on which the Company consummates an initial business combination.

Instrument: loan
Principal: up to $500,000
Counterparty: Payee
Rate: bears no interest
Maturity: promptly after the date on which the Company consummates an initial business combination
Event: incurrence

Exact text from the filing

On January 12, 2024, the Company issued a promissory note (the “Working Capital Loan Note”) in the principal amount of up to $500,000 to the Payee.

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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 up to $500,000 (effective 2024-01-12).

Action: entry
Agreement: credit facility
Counterparty: Payee
Value: up to $500,000
Effective: 2024-01-12

Exact text from the filing

On January 12, 2024, the Company issued a promissory note (the “Working Capital Loan Note”) in the principal amount of up to $500,000 to the Payee.

View on SEC.gov

283 debt financings filed in the last 30 days. Browse all debt financings →

Source: SEC EDGAR

accession 0001104659-24-004091

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