secwatch.observer — SEC 8-K summary
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Issuer:     Forbion European Acquisition Corp. (—)
CIK:        0001874495
Form:       8-K
Filed at:   2023-03-24T23:59:59+00:00
Accession:  0001193125-23-078902
Event type: debt
Sentiment:  neutral
Materiality: 0.40
Item codes: 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Forbion European Acquisition Corp. issues up to $900k promissory note to sponsor
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- Issued unsecured promissory note to sponsor Forbion Growth Sponsor FEAC I B.V. for up to $900,000.
- Initial $450,000 funded on March 24, 2023; additional $450,000 available for drawdown.
- Note bears no interest, matures on Dec 14, 2023 or upon business combination, whichever earlier.
- Sponsor may convert up to total principal into warrants at $1.50 per warrant, identical to IPO private placement warrants.
- Repayment limited to funds outside trust account if no business combination.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1874495/000119312523078902/0001193125-23-078902-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1874495/000119312523078902/d482915d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-078902

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer