secwatch.observer — SEC 8-K summary
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Issuer:     Forbion European Acquisition Corp. (—)
CIK:        0001874495
Form:       8-K
Filed at:   2023-06-06T23:59:59+00:00
Accession:  0001193125-23-161740
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Forbion European Acquisition extends deadline with $1.27M sponsor loan and $300K working capital note
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- Company issued $1,265,000 zero-interest extension note to sponsor to extend business combination deadline from June 14 to September 14, 2023.
- Also issued $300,000 working capital promissory note from sponsor for general corporate purposes.
- Extension note repayable at earlier of business combination or December 14, 2023; sponsor may convert up to $600,000 into warrants at $1.50 each.
- Both notes are unsecured, bear no interest, and are repayable only from funds outside the trust account if no business combination occurs.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1874495/000119312523161740/0001193125-23-161740-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1874495/000119312523161740/d507171d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-161740

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