secwatch.observer — SEC 8-K summary
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Issuer:     Battery Future Acquisition Corp. (—)
CIK:        0001880441
Form:       8-K
Filed at:   2023-09-15T23:59:59+00:00
Accession:  0001193125-23-236218
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1880441/000119312523236218/0001193125-23-236218-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1880441/000119312523236218/d547156d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-236218

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