secwatch.observer — SEC 8-K summary
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Issuer:     Z Squared Inc. (ZSQR)
CIK:        0001759186
Form:       8-K
Filed at:   2022-05-20T23:59:59+00:00
Accession:  0001213900-22-028629
Event type: debt
Sentiment:  neutral
Materiality: 0.25
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bull Horn Holdings enters up to $500K working capital note with sponsor
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- Up to $500,000 promissory note issued to sponsor Bull Horn Holdings Sponsor LLC for working capital; no interest.
- Principal repayable at business combination or winding up; trust account proceeds can be used only after a deal closes.
- Sponsor may convert unpaid principal into warrants at $1.00 per warrant, identical to IPO private placement warrants.
- Drawdowns in $10,000 increments, maximum $500,000; no prepayment penalty.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1759186/000121390022028629/0001213900-22-028629-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1759186/000121390022028629/ea160387-8k_bullhorn.htm
  HTML page:      https://secwatch.observer/filing/0001213900-22-028629

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