---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-211148"
form_type: "8-K"
ticker: null
cik: "0001883962"
company_name: "ALSP Orchid Acquisition Corp I"
filed_at: "2023-08-14T23:59:59+00:00"
generated_at: "2026-06-11T12:55:28.515505+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# ALSP Orchid Acquisition I issues $350K promissory note to sponsor at 4.74%

## Summary
- Unsecured note of $350,000 issued to ALSP Orchid Sponsor LLC on Aug 11, 2023.
- Interest accrues at 4.74% per annum, compounded semi-annually.
- Principal and interest payable at earliest of business combination or winding up.
- Note is exempt from registration under Section 4(a)(2) of the Securities Act.
- Payee waives claims against the trust account from the IPO proceeds.

## SEC filing metadata
- accession: 0001193125-23-211148
- form_type: 8-K
- cik: 0001883962
- company_name: ALSP Orchid Acquisition Corp I
- filed_at: 2023-08-14T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1883962/000119312523211148/0001193125-23-211148-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1883962/000119312523211148/d467206d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-211148
- JSON: https://secwatch.observer/filing/0001193125-23-211148.json
- Plain text: https://secwatch.observer/filing/0001193125-23-211148.txt

## Key facts
- Debt Financings
  ALSP Orchid Acquisition Corp I incurred loan of $350,000 with ALSP Orchid Sponsor LLC at 4.74% per annum maturing the earliest to occur of (i) the date on which the Company consummates an initial business combination or (ii) the date that the winding up of the Company is ef.
  - Instrument: loan
  - Principal: $350,000
  - Counterparty: ALSP Orchid Sponsor LLC
  - Rate: 4.74% per annum
  - Maturity: the earliest to occur of (i) the date on which the Company consummates an initial business combination or (ii) the date that the winding up of the Company is ef
  - Event: incurrence
  source text: On August 11, 2023, ALSP Orchid Acquisition Corporation I, a Cayman Islands exempted company (the “Company”) issued an unsecured promissory note (the “Note”) in the principal amount of $350,000 to ALSP Orchid Sponsor LLC, a Delaware limited liability company (the “Sponsor”), which was funded in full by the Sponsor upon execution of the Note. The Note bears interest at a rate of 4.74% per annum, computed on the basis of a 365-day year, compounded semi-annually.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1883962/000119312523211148/0001193125-23-211148-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.