Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.95
Angel Studios, Inc. incurred term loan of up to $100.0 million term loan with a delayed draw feature, which is composed of four committed tranches: (i) the first with Trinity Capital Inc. at a variable rate equal to the greater of (x) the Prime Rate (as defined under the maturing October 1, 2030.
- Instrument
- term loan
- Principal
- up to $100.0 million term loan with a delayed draw feature, which is composed of four committed tranches: (i) the first
- Counterparty
- Trinity Capital Inc.
- Rate
- a variable rate equal to the greater of (x) the Prime Rate (as defined under the
- Maturity
- October 1, 2030
- Event
- incurrence
Exact text from the filing
Facility ”) with certain lenders thereunder and Trinity Capital Inc., a Maryland Corporation, as agent for the lenders. The Credit Facility provides the Company with an up to $100.0 million term loan with a delayed draw feature, which is composed of four committed tranches: (i) the first tranche in an aggregate principal amount of $40.0 million, which was funded on
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Equity Issuances
SEC 8-K Item 3.02/3.03
confidence 0.95
Angel Studios, Inc. issued 273,375 shares of Class C Common Stock of warrant to lenders under the Credit Facility for in connection with the Credit Facility.
- Security
- warrant
- Shares
- 273,375 shares of Class C Common Stock
- Purchaser
- lenders under the Credit Facility
- Consideration
- in connection with the Credit Facility
Exact text from the filing
In connection with the Credit Facility, the Company issued each lender thereunder a Warrant to Purchase Stock (each, a “ Warrant ” and collectively, the “ Warrants ”) to purchase an aggregate amount of 273,375 shares of the Company’s Class C Common Stock with an exercise price per share of $39.00.
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