secwatch / observer
8-K filed April 26, 2023, 7:59 PM ET CIK 0001822366
debt confidence high sentiment neutral materiality 0.25

Altitude Acquisition Corp.: debt financing — Altitude Acquisition Corp. receives $135,000 working capital loan from sponsor

Altitude Acquisition Corp.

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

Altitude Acquisition Corp. incurred loan of $135,000 with Altitude Acquisition Holdco LLC maturing payable on the earlier of the date on which the Company consummates its initial business combination or the liquidation of the Company.

Instrument
loan
Principal
$135,000
Counterparty
Altitude Acquisition Holdco LLC
Maturity
payable on the earlier of the date on which the Company consummates its initial business combination or the liquidation of the Company
Event
incurrence
Exact text from the filing
On April 25, 2023, Altitude Acquisition Corp (the “Company”) issued a promissory note (the “Promissory Note”) to Altitude Acquisition Holdco LLC (the “Sponsor”), the Company’s sponsor. Pursuant to the Promissory Note, the Sponsor loaned the Company an aggregate principal amount of $135,000 for working capital purposes. The Promissory Note is non-interest bearing, non-convertible and payable on the earlier of the date on which the Company consummates its initial business combination or the liquidation of the Company.
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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Altitude Acquisition Corp. entered into Promissory Note with Altitude Acquisition Holdco LLC (the “Sponsor”) valued at $135,000 (effective 2023-04-25).

Action
entry
Agreement
credit facility
Counterparty
Altitude Acquisition Holdco LLC (the “Sponsor”)
Value
$135,000
Effective
2023-04-25
Exact text from the filing
On April 25, 2023, Altitude Acquisition Corp (the “Company”) issued a promissory note (the “Promissory Note”) to Altitude Acquisition Holdco LLC (the “Sponsor”), the Company’s sponsor. Pursuant to the Promissory Note, the Sponsor loaned the Company an aggregate principal amount of $135,000 for working capital purposes.
View on SEC.gov

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Source: SEC EDGAR
accession 0001193125-23-117043
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