---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-236218"
form_type: "8-K"
ticker: null
cik: "0001880441"
company_name: "Battery Future Acquisition Corp."
filed_at: "2023-09-15T23:59:59+00:00"
generated_at: "2026-06-10T16:44:46.804002+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# BFAC receives $250K loan from Pala to extend business combination deadline to Oct 17

## Summary
- Deposit of $250,000 into trust account extends deadline by one month to October 17, 2023.
- Fourth of up to twelve permitted monthly extensions; Pala provides loan under existing convertible promissory note.
- Loan may be converted into warrants at $1.00 per warrant; no interest accrues.
- Repayment only from funds outside trust if no business combination is completed.

## SEC filing metadata
- accession: 0001193125-23-236218
- form_type: 8-K
- cik: 0001880441
- company_name: Battery Future Acquisition Corp.
- filed_at: 2023-09-15T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1880441/000119312523236218/0001193125-23-236218-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1880441/000119312523236218/d547156d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-236218
- JSON: https://secwatch.observer/filing/0001193125-23-236218.json
- Plain text: https://secwatch.observer/filing/0001193125-23-236218.txt

## Key facts
- Debt Financings
  Battery Future Acquisition Corp. incurred convertible notes of $250,000 with Pala Investment Limited at no interest shall accrue 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: no interest shall accrue
  - 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 September 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 October 17, 2023 (the "Extension").
  evidence_url: https://www.sec.gov/Archives/edgar/data/1880441/000119312523236218/0001193125-23-236218-index.htm

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