secwatch.observer — SEC 8-K summary
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Issuer:     Invest Acquisition Corp (—)
CIK:        0001857410
Form:       8-K
Filed at:   2023-11-27T23:59:59+00:00
Accession:  0001193125-23-283357
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SPAC sponsor provides up to $1.25M loan and up to $900k trust contributions to extend deadline to June 2024
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- Non-interest convertible unsecured loan of up to $1,250,000 from sponsor for working capital and trust contributions.
- Sponsor will contribute up to $900k to trust account ($150k/month for up to 6 months) if extension approved.
- Extraordinary general meeting on Dec 5, 2023 to vote on extending business combination deadline from Dec 17, 2023 to June 17, 2024.
- Trust account securities to be converted to cash to mitigate risk of being viewed as an unregistered investment company.
- Loan repayable upon business combination or liquidation; no recourse against trust account.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1857410/000119312523283357/0001193125-23-283357-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1857410/000119312523283357/d571131d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-283357

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