secwatch.observer — SEC 8-K summary
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Issuer:     ALSP Orchid Acquisition Corp I (—)
CIK:        0001883962
Form:       8-K
Filed at:   2023-05-02T23:59:59+00:00
Accession:  0001193125-23-132630
Event type: debt
Sentiment:  neutral
Materiality: 0.35
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SPAC issues $350K promissory note to sponsor at 4.8% interest, due on business combination or winding up
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- Principal $350,000 unsecured note issued April 28, 2023 to ALSP Orchid Sponsor LLC.
- Interest rate 4.8% per annum, compounded semi-annually, payable on Maturity Date.
- Maturity: earlier of initial business combination or effective winding up of the company.
- Sponsor waives any claim against the trust account, per trust waiver clause.
- Funding received in full upon execution; customary events of default apply.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1883962/000119312523132630/0001193125-23-132630-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1883962/000119312523132630/d487858d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-132630

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