secwatch.observer — SEC 8-K summary
======================================

Issuer:     Investcorp AI Acquisition Corp. (—)
CIK:        0001852889
Form:       8-K
Filed at:   2025-03-31T23:59:59+00:00
Accession:  0001193125-25-067359
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Investcorp AI amends convertible note with sponsor for up to $3M working capital
--------------------------------------------------------------------------------

- Sponsor ICE I Holdings loans up to $3.0M under amended convertible promissory note.
- Loan is non-interest bearing, repayable upon business combination or May 12, 2025.
- Up to $3M may be converted into warrants at $1.00 per warrant; warrants identical to private placement warrants.
- Warrants exercisable for Class A ordinary shares at $11.50 per share, non-redeemable while held by sponsor.
- Proceeds for working capital; note amends prior December 2023 convertible note.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1852889/000119312525067359/0001193125-25-067359-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1852889/000119312525067359/d848905d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-067359

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