secwatch.observer — SEC 8-K summary
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Issuer:     Electriq Power Holdings, Inc. (—)
CIK:        0001827871
Form:       8-K
Filed at:   2023-08-04T23:59:59+00:00
Accession:  0001193125-23-203886
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.90
Item codes: 1.01, 2.01, 5.02, 9.01, 4.01, 3.03, 5.01, 5.03, 5.05, 5.06, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

Electriq Power completes merger with TLG; begins trading as ELIQ on NYSE
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- On July 31, 2023, the merger closed; 29.9M Class A shares and 1.4M preferred shares issued to Electriq stockholders.
- 7.7M public shares redeemed; post-closing 38.1M Class A shares and 2.6M preferred shares outstanding.
- $3.0M prepayment shortfall under Forward Purchase Agreement with Meteora; up to $50M right of first refusal on future financings.
- New board includes John Michael Lawrie (15.7% owner), Frank Magnotti, and others; ticker ELIQ starts Aug 1 on NYSE.
- Registration rights and indemnification agreements entered; legacy Electriq holders may request underwritten offerings >$30M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1827871/000119312523203886/0001193125-23-203886-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1827871/000119312523203886/d538246d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-203886

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