---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-250197"
form_type: "8-K"
ticker: "ABPO"
cik: "0001893219"
company_name: "Abpro Holdings, Inc."
filed_at: "2024-11-04T23:59:59+00:00"
generated_at: "2026-05-30T06:22:38.788027+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# ACAB enters $50M equity line and $5M prepaid advance with Yorkville for post-merger financing

## Summary
- $5M prepaid advance via convertible notes with 8% original issue discount; $3M at merger close, $2M after registration effective and shareholder approval.
- Post-close equity line of up to $50M: Yorkville buys shares at 96-97% of VWAP, subject to 4.99% beneficial ownership cap and 19.99% exchange cap for pre-paid shares.
- Conversion price for notes: lower of $11.50 (subject to adjustment) or 94% of 5-day low VWAP, with floor at 20% of closing price on issuance or S-1 effective date.
- Yorkville receives $500K in shares as commitment fee; amortization events trigger monthly payments of $1.25M principal plus 5% premium.
- Proxy statement supplemented to disclose Yorkville financing and substantial dilution risks; shareholder approval may be sought for exchange cap.

## SEC filing metadata
- accession: 0001193125-24-250197
- form_type: 8-K
- ticker: ABPO
- cik: 0001893219
- company_name: Abpro Holdings, Inc.
- filed_at: 2024-11-04T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1893219/000119312524250197/0001193125-24-250197-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1893219/000119312524250197/d892646d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-250197
- JSON: https://secwatch.observer/filing/0001193125-24-250197.json
- Plain text: https://secwatch.observer/filing/0001193125-24-250197.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.