{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-097328","form_type":"8-K","ticker":null,"cik":"0001880441","company_name":"Battery Future Acquisition Corp.","filed_at":"2023-04-11T23:59:59+00:00","discovered_at":"2026-05-14T18:03:41.446342+00:00","generated_at":"2026-06-17T03:51:56.487931+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"confidence":"high","headline":"BFAC issues up to $1M convertible note to Pala Investments for working capital","bullets":["Aggregate principal up to $1,000,000; each advance not to exceed $500,000.","Interest at 10% per annum; maturity the earlier of June 16, 2023 or business combination.","Pala may convert outstanding principal/interest into warrants at $1.00 per warrant, terms identical to IPO private placement warrants.","Proceeds used for working capital related to pursuing a business combination.","Note is unsecured; Pala waives any claims against the trust account."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-097328","json":"https://secwatch.observer/filing/0001193125-23-097328.json","markdown":"https://secwatch.observer/filing/0001193125-23-097328.md","text":"https://secwatch.observer/filing/0001193125-23-097328.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1880441/000119312523097328/0001193125-23-097328-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1880441/000119312523097328/d481347d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-17T03:51:56.487931+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"f91d11133dd1f7d9c1525c4fa3fe3a468fb7fcbf","claim":"Battery Future Acquisition Corp. incurred convertible notes of $1,000,000 with Pala Investments Limited at ten percent (10.00%) per annum maturing the earlier of (i) June 16, 2023 (as may be extended in accordance with the terms of the Note) and (ii) the effective date of a business combination.","evidence_excerpt":"On April 5, 2023, Battery Future Acquisition Corp. (“BFAC”) issued an unsecured convertible promissory note in the aggregate principal amount of $1,000,000 (the “Note”) to Pala Investments Limited (“Pala”)","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1880441/000119312523097328/0001193125-23-097328-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"$1,000,000"},{"label":"Counterparty","value":"Pala Investments Limited"},{"label":"Rate","value":"ten percent (10.00%) per annum"},{"label":"Maturity","value":"the earlier of (i) June 16, 2023 (as may be extended in accordance with the terms of the Note) and (ii) the effective date of a business combination"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"1e6049fe4314af363afb959b3a6088de71ba0324","claim":"Battery Future Acquisition Corp. entered into Note with Pala Investments Limited valued at $1,000,000 (effective 2023-04-05).","evidence_excerpt":"On April 5, 2023, Battery Future Acquisition Corp. (“BFAC”) issued an unsecured convertible promissory note in the aggregate principal amount of $1,000,000 (the “Note”) to Pala Investments Limited (“Pala”)","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1880441/000119312523097328/0001193125-23-097328-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"Pala Investments Limited"},{"label":"Value","value":"$1,000,000"},{"label":"Effective","value":"2023-04-05"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}