---
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"
generated_at: "2026-06-11T08:50:03.161811+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# BFAC deposits $250K from Pala for third one-month extension to Sept 17, 2023

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-23-214290
- form_type: 8-K
- cik: 0001880441
- company_name: Battery Future Acquisition Corp.
- filed_at: 2023-08-16T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-214290
- JSON: https://secwatch.observer/filing/0001193125-23-214290.json
- Plain text: https://secwatch.observer/filing/0001193125-23-214290.txt

## Key facts
- Debt Financings
  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.
  - Instrument: convertible notes
  - Principal: $250,000
  - Counterparty: Pala Investment Limited
  - Rate: twenty percent (20.00%) per annum
  - Maturity: the earlier of (i) the date on which the business combination is consummated and (ii) the date of the Company’s liquidation
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1880441/000119312523214290/0001193125-23-214290-index.htm

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