Learn CW Investment Corp: debt financing — Learn CW Investment Corp increases promissory note from sponsor to $3.05M

Learn CW Investment Corp

Promissory note with sponsor CWAM LC Sponsor LLC increased to $3,050,000 from $2,487,000.
Note bears no interest; drawdowns allowed until Oct 13, 2024 or consummation of business combination.
Up to $1,500,000 of principal may be converted into private placement warrants at $1.00 per warrant upon business combination.
Unpaid balance forgiven if no business combination unless funds available outside trust account.

item 1.01 item 2.03 item 9.01

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

Learn CW Investment Corp amended loan of $3,050,000 with CWAM LC Sponsor LLC.

Instrument: loan
Principal: $3,050,000
Counterparty: CWAM LC Sponsor LLC
Event: amendment

Exact text from the filing

On March 19, 2024, Learn CW Investment Corporation (the “Company”) issued a second amended and restated promissory note (the “Restated Note”) in the principal amount of $3,050,000 to CWAM LC Sponsor LLC, the Company’s sponsor (“Sponsor”).

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Learn CW Investment Corp amended Restated Note with CWAM LC Sponsor LLC valued at $3,050,000 (effective 2024-03-19).

Action: amendment
Agreement: credit facility
Counterparty: CWAM LC Sponsor LLC
Value: $3,050,000
Effective: 2024-03-19

Exact text from the filing

On March 19, 2024, Learn CW Investment Corporation (the “Company”) issued a second amended and restated promissory note (the “Restated Note”) in the principal amount of $3,050,000 to CWAM LC Sponsor LLC, the Company’s sponsor (“Sponsor”).

View on SEC.gov

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

Source: SEC EDGAR

accession 0001140361-24-015028

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