secwatch.observer — SEC 8-K summary
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Issuer:     Kensington Capital Acquisition Corp. V (—)
CIK:        0001865407
Form:       8-K
Filed at:   2023-08-29T23:59:59+00:00
Accession:  0001193125-23-223882
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Kensington Capital Acquisition V secures up to $950K working capital loan; extends CFO services agreement
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- Sponsor loans up to $950,250 via non-interest promissory note due upon business combination, Aug 17, 2024, or liquidation.
- Loan may convert into warrants at $0.75 each, identical to private placement warrants exercisable at $11.50 per share.
- Services agreement with DEHC LLC (CFO Daniel Huber) extended to Aug 17, 2024 at $20,000/month, max $240,000.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1865407/000119312523223882/0001193125-23-223882-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1865407/000119312523223882/d503230d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-223882

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