secwatch.observer — SEC 8-K summary
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Issuer:     SK Growth Opportunities Corp (—)
CIK:        0001912461
Form:       8-K
Filed at:   2023-11-03T23:59:59+00:00
Accession:  0001193125-23-270430
Event type: debt
Sentiment:  neutral
Materiality: 0.40
Item codes: 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SK Growth Opportunities issues $380K promissory note to sponsor for working capital
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- Unsecured promissory note of up to $380,000 issued to Auxo Capital Managers LLC on Oct 30, 2023.
- Note bears no interest and matures upon consummation of the initial business combination.
- Repayment limited to funds outside the trust account if no business combination occurs.
- Principal may be converted at sponsor's option into warrants at $1.00 per warrant, identical to IPO private warrants.
- Proceeds used to fund ongoing operating expenses of the blank check company.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1912461/000119312523270430/0001193125-23-270430-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1912461/000119312523270430/d866704d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-270430

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