{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-214290","form_type":"8-K","ticker":null,"cik":"0001880441","company_name":"Battery Future Acquisition Corp.","filed_at":"2023-08-16T23:59:59+00:00","discovered_at":"2026-05-14T18:03:35.979510+00:00","generated_at":"2026-06-11T08:50:03.161811+00:00","sec_items":["2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"BFAC deposits $250K from Pala for third one-month extension to Sept 17, 2023","bullets":["Pala Investment deposited $250,000 into trust to extend business combination deadline to September 17, 2023 (third of up to twelve monthly extensions).","Loan via unsecured convertible promissory note (April 5, 2023) at 20% annual interest; principal can convert into warrants at $1.00 per warrant.","If no business combination consummated, note is repayable only from amounts remaining outside the trust account."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-214290","json":"https://secwatch.observer/filing/0001193125-23-214290.json","markdown":"https://secwatch.observer/filing/0001193125-23-214290.md","text":"https://secwatch.observer/filing/0001193125-23-214290.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1880441/000119312523214290/0001193125-23-214290-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1880441/000119312523214290/d493591d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-11T08:50:03.161811+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"433883b4423697c012869656accde8d5984d00c6","claim":"Battery Future Acquisition Corp. incurred convertible notes of $250,000 with Pala Investment Limited at twenty percent (20.00%) per annum maturing the earlier of (i) the date on which the business combination is consummated and (ii) the date of the Company’s liquidation.","evidence_excerpt":"On August 15, 2023, an aggregate of $250,000 (the “Extension Payment”) was deposited by Pala Investment Limited, a Jersey limited liability company (“Pala”), into the trust account of Battery Future Acquisition Corp. (“BFAC” or the “Company”) for BFAC’s public shareholders, representing $0.024 per public share, which enables BFAC to extend the period of time it has to consummate its initial business combination by one month to September 17, 2023 (the “Extension”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1880441/000119312523214290/0001193125-23-214290-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"$250,000"},{"label":"Counterparty","value":"Pala Investment Limited"},{"label":"Rate","value":"twenty percent (20.00%) per annum"},{"label":"Maturity","value":"the earlier of (i) the date on which the business combination is consummated and (ii) the date of the Company’s liquidation"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}