secwatch.observer — SEC 8-K summary
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Issuer:     Appreciate Holdings, Inc. (—)
CIK:        0001821075
Form:       8-K
Filed at:   2023-03-31T23:59:59+00:00
Accession:  0001213900-23-025594
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1821075/000121390023025594/0001213900-23-025594-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1821075/000121390023025594/ea176132-8k_appreciate.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-025594

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