Abpro Holdings, Inc. (ABPO): debt financing — Atlantic Coastal Acquisition Corp. II (ACAB) extends business combination deadline to Nov 19, 2023

Abpro Holdings, Inc.

Sponsor deposits $80,000 into trust account to fund one-month extension.
Extension moves business combination deadline from Oct 19 to Nov 19, 2023.
Company issues $80,000 convertible promissory note to Sponsor; conversion at $10.20 per share.
If no business combination, loan repayment only from funds outside trust or forfeited.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Abpro Holdings, Inc. incurred loan of $80,000 with Atlantic Coastal Acquisition Management II LLC at non-interest bearing.

Instrument: loan
Principal: $80,000
Counterparty: Atlantic Coastal Acquisition Management II LLC
Rate: non-interest bearing
Event: incurrence

Exact text from the filing

On October 14, 2023, Atlantic Coastal Acquisition Corp. II (the “Company”) issued a non-interest bearing, unsecured promissory note in the aggregate principal amount of $80,000 (the “Note”) to Atlantic Coastal Acquisition Management II LLC, the Company’s initial public offering sponsor (the “Sponsor”).

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10 debt financings filed in the last 30 days. Browse all debt financings →

Abpro Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-23-258523

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