Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
TortoiseEcofin Acquisition Corp. III incurred loan of $400,000 with Investor.
- Instrument
- loan
- Principal
- $400,000
- Counterparty
- Investor
- Event
- incurrence
Exact text from the filing
the Investor has agreed to contribute $400,000 to the Sponsor as a capital contribution (the “ Capital Contribution ”), which Capital Contribution will generally be treated as part of the SPAC Loan
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Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
TortoiseEcofin Acquisition Corp. III incurred loan of $350,000 with Lenders.
- Instrument
- loan
- Principal
- $350,000
- Counterparty
- Lenders
- Event
- incurrence
Exact text from the filing
the Company, the Sponsor, One Energy Enterprises Inc. (“ One Energy ”) and four investors (collectively, the “ Lenders ”) entered into Loan and Transfer Agreements (the “ Loan and Transfer Agreements ”) pursuant to which the Lenders, collectively, agreed to loan an aggregate of $350,000 to the Sponsor (the “ Loan ”)
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Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
TortoiseEcofin Acquisition Corp. III incurred loan of $350,000 with Sponsor.
- Instrument
- loan
- Principal
- $350,000
- Counterparty
- Sponsor
- Event
- incurrence
Exact text from the filing
the “ Lenders ”) entered into Loan and Transfer Agreements (the “ Loan and Transfer Agreements ”) pursuant to which the Lenders, collectively, agreed to loan an aggregate of $350,000 to the Sponsor (the “ Loan ”), which the Sponsor intends to loan to the Company (the “ SPAC Loan ”), in each case in connection with the April Extension and the Month-to-Month
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
TortoiseEcofin Acquisition Corp. III entered into Subscription Agreement with TortoiseEcofin Sponsor III LLC, One Energy Enterprises Inc., and a third-party investor valued at Capital contribution of $400,000, 200,000 Pubco shares, cash payment of $200,000, potential 800,000 (effective 2024-04-25).
- Action
- entry
- Agreement
- equity purchase
- Counterparty
- TortoiseEcofin Sponsor III LLC, One Energy Enterprises Inc., and a third-party investor
- Value
- Capital contribution of $400,000, 200,000 Pubco shares, cash payment of $200,000, potential 800,000
- Effective
- 2024-04-25
Exact text from the filing
Additionally, also in connection with the April Extension Meeting and the Month-to-Month Extension Payments described above, including the Sponsor’s obligations in respect thereof, on April 25, 2024, the Company, the Sponsor, One Energy and a third-party investor (the “ Investor ”) entered into a subscription agreement (the “ Subscription Agreement ”) in the form attached as Exhibit 10.2 hereto, which is incorporated herein by reference.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
TortoiseEcofin Acquisition Corp. III entered into Loan and Transfer Agreements with TortoiseEcofin Sponsor III LLC, One Energy Enterprises Inc., and four investors valued at Loan of $350,000, additional cash payment of $175,000, 175,000 Class B ordinary shares (effective 2024-04-17).
- Action
- entry
- Counterparty
- TortoiseEcofin Sponsor III LLC, One Energy Enterprises Inc., and four investors
- Value
- Loan of $350,000, additional cash payment of $175,000, 175,000 Class B ordinary shares
- Effective
- 2024-04-17
Exact text from the filing
On April 17, 2024, the Company, the Sponsor, One Energy Enterprises Inc. (“ One Energy ”) and four investors (collectively, the “ Lenders ”) entered into Loan and Transfer Agreements (the “ Loan and Transfer Agreements ”) pursuant to which the Lenders, collectively, agreed to loan an aggregate of $350,000 to the Sponsor (the “ Loan ”), which the Sponsor intends to loan to the Company (the “ SPAC Loan ”), in each case in connection with the April Extension and the Month-to-Month Extension Payments.
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