secwatch.observer — SEC 8-K summary
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Issuer:     Twin Ridge Capital Acquisition Corp. (—)
CIK:        0001840353
Form:       8-K
Filed at:   2023-03-10T23:59:59+00:00
Accession:  0001140361-23-011216
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.03, 5.03, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SPAC Twin Ridge extends deadline to June 2023 after $153.6M redemptions; issues $1.5M note
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- Shareholders approved extension of business combination deadline from March 8, 2023 to June 8, 2023, with up to nine monthly extensions to March 8, 2024.
- Holders of 15,042,168 Class A shares redeemed at ~$10.21/share, for aggregate $153.6M; trust balance now ~$64.5M.
- Remaining Class A shares outstanding: 6,266,645 as of March 10, 2023.
- Issued unsecured promissory note to Carbon Revolution for up to $1.5M, with initial $480,000 deposit into trust account.
- Note bears no interest, matures upon business combination; if no deal, repaid only from funds outside trust.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1840353/000114036123011216/0001140361-23-011216-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1840353/000114036123011216/brhc10049593_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-23-011216

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