secwatch.observer — SEC 8-K summary
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Issuer:     Integral Acquisition Corp 1 (—)
CIK:        0001850262
Form:       8-K
Filed at:   2023-07-10T23:59:59+00:00
Accession:  0001193125-23-184747
Event type: debt
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Integral Acquisition Corp 1 enters into up to $1.5M promissory note with sponsor for working capital
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- Note from Integral Acquisition Corp 1 to sponsor Integral Sponsor LLC for up to $1,500,000, no interest, due upon business combination or liquidation.
- Proceeds used for working capital expenses; draws subject to sponsor approval in its sole discretion.
- Payee may convert unpaid principal into warrants at $1.00 per warrant, identical to IPO private placement warrants.
- Note is unsecured and ranks behind trust account claims; payee waives claims against trust account.
- Maturity upon earlier of DeSPAC transaction closing or liquidation.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1850262/000119312523184747/0001193125-23-184747-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1850262/000119312523184747/d498124d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-184747

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