secwatch / observer
8-K filed February 23, 2024, 6:59 PM ET CIK 0001848437
debt confidence high sentiment neutral materiality 0.50

Cartica Acquisition Corp: debt financing — Cartica Acquisition Corp increases sponsor note from $300K to $750K for working capital

Cartica Acquisition Corp

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

Cartica Acquisition Corp amended debt of up to $300,000 to up to $750,000 with Cartica Acquisition Partners, LLC at bears no interest maturing repayable in full upon the earlier of (a) the date of the consummation of the Company's initial business combination and (b) the date of the Company's liquidati.

Principal
up to $300,000 to up to $750,000
Counterparty
Cartica Acquisition Partners, LLC
Rate
bears no interest
Maturity
repayable in full upon the earlier of (a) the date of the consummation of the Company's initial business combination and (b) the date of the Company's liquidati
Event
amendment
Exact text from the filing
On February 16, 2024, the Working Capital Note was amended to increase the principal sum from up to $300,000 to up to $750,000. The Working Capital Note, as amended, bears no interest and is repayable in full upon the earlier of (a) the date of the consummation of the Company's initial business combination and (b) the date of the Company's liquidation.
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Cartica Acquisition Corp amended Working Capital Note with Cartica Acquisition Partners, LLC valued at increase the principal sum from up to $300,000 to up to $750,000 (effective 2024-02-16).

Action
amendment
Agreement
credit facility
Counterparty
Cartica Acquisition Partners, LLC
Value
increase the principal sum from up to $300,000 to up to $750,000
Effective
2024-02-16
Exact text from the filing
On February 16, 2024, the Working Capital Note was amended to increase the principal sum from up to $300,000 to up to $750,000.
View on SEC.gov

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Source: SEC EDGAR
accession 0001104659-24-026689
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