secwatch.observer — SEC 8-K summary
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Issuer:     ALSP Orchid Acquisition Corp I (—)
CIK:        0001883962
Form:       8-K
Filed at:   2023-08-14T23:59:59+00:00
Accession:  0001193125-23-211148
Event type: debt
Sentiment:  neutral
Materiality: 0.30
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1883962/000119312523211148/0001193125-23-211148-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1883962/000119312523211148/d467206d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-211148

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