secwatch.observer — SEC 8-K summary
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Issuer:     Battery Future Acquisition Corp. (—)
CIK:        0001880441
Form:       8-K
Filed at:   2023-04-11T23:59:59+00:00
Accession:  0001193125-23-097328
Event type: debt
Sentiment:  neutral
Materiality: 0.30
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BFAC issues up to $1M convertible note to Pala Investments for working capital
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1880441/000119312523097328/0001193125-23-097328-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1880441/000119312523097328/d481347d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-097328

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