secwatch.observer — SEC 8-K summary
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Issuer:     Battery Future Acquisition Corp. (—)
CIK:        0001880441
Form:       8-K
Filed at:   2023-08-16T23:59:59+00:00
Accession:  0001193125-23-214290
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1880441/000119312523214290/0001193125-23-214290-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1880441/000119312523214290/d493591d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-214290

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer