---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-025594"
form_type: "8-K"
ticker: null
cik: "0001821075"
company_name: "Appreciate Holdings, Inc."
filed_at: "2023-03-31T23:59:59+00:00"
generated_at: "2026-06-17T08:16:12.621707+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Appreciate Holdings issues $1.2M convertible debentures at 67% discount; insider participation

## Summary
- Issued $1,207,500 aggregate principal amount of convertible debentures for $402,500 (67% original issue discount).
- Debentures mature in 12 months, bear no interest, secured but subordinated to St. Cloud facility.
- Issued warrants to purchase 1,000,000 shares of Class A common at $5.00 per share, exercisable for 5 years.
- Participants include directors M. Joe Beck, Gloria Fu, Marcy Haymaker, Laurie Hawkes, CEO Chris Laurence, and entity affiliated with director Scott Honour.
- Certain investors owning 1,709,481 shares released from lock-up to pledge shares for financing to be loaned to company on same terms.

## SEC filing metadata
- accession: 0001213900-23-025594
- form_type: 8-K
- cik: 0001821075
- company_name: Appreciate Holdings, Inc.
- filed_at: 2023-03-31T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1821075/000121390023025594/0001213900-23-025594-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1821075/000121390023025594/ea176132-8k_appreciate.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-025594
- JSON: https://secwatch.observer/filing/0001213900-23-025594.json
- Plain text: https://secwatch.observer/filing/0001213900-23-025594.txt

## Key facts
- Debt Financings
  Appreciate Holdings, Inc. incurred convertible notes of $1,207,500 aggregate principal amount at no interest maturing twelve (12) months after the date of issuance.
  - Instrument: convertible notes
  - Principal: $1,207,500 aggregate principal amount
  - Rate: no interest
  - Maturity: twelve (12) months after the date of issuance
  - Event: incurrence
  source text: From March 27, 2023 through March 31, 2023, Appreciate Holdings, Inc. (the “Company”) issued USD $1,207,500 aggregate principal amount of convertible debentures to several accredited investors (the “Debentures”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1821075/000121390023025594/0001213900-23-025594-index.htm

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