---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-031317"
form_type: "8-K"
ticker: null
cik: "0001865701"
company_name: "Keyarch Acquisition Corp"
filed_at: "2023-04-20T23:59:59+00:00"
generated_at: "2026-06-16T22:46:43.959281+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# Keyarch Acquisition issues $250K promissory note to sponsor for working capital

## Summary
- Promissory note up to $250K issued to sponsor Keyarch Global Sponsor Limited for working capital expenses.
- Note is non-interest bearing, due upon earlier of business combination or winding up.
- Sponsor waives claim against trust account; note convertible into units at $10 per unit.
- This is typical SPAC financing to fund operations until a business combination.

## SEC filing metadata
- accession: 0001213900-23-031317
- form_type: 8-K
- cik: 0001865701
- company_name: Keyarch Acquisition Corp
- filed_at: 2023-04-20T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1865701/000121390023031317/0001213900-23-031317-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1865701/000121390023031317/ea177254-8k_keyarchacq.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-031317
- JSON: https://secwatch.observer/filing/0001213900-23-031317.json
- Plain text: https://secwatch.observer/filing/0001213900-23-031317.txt

## Key facts
- Debt Financings
  Keyarch Acquisition Corp incurred loan of up to $250,000 with Keyarch Global Sponsor Limited at bears no interest maturing due and payable upon the earlier to occur of (i) the date on which the Company consummates its initial business combination and (ii) the date that the winding u.
  - Instrument: loan
  - Principal: up to $250,000
  - Counterparty: Keyarch Global Sponsor Limited
  - Rate: bears no interest
  - Maturity: due and payable upon the earlier to occur of (i) the date on which the Company consummates its initial business combination and (ii) the date that the winding u
  - Event: incurrence
  source text: On April 18, 2023, Keyarch Acquisition Corporation (the “ Company ”) issued a promissory note (the “ Note ”) in the principal amount of up to $250,000 to Keyarch Global Sponsor Limited, a Cayman Islands limited liability company and the Company’s sponsor (the “ Payee ”). The Note was issued in connection with advances the Payee has made, and may make in the future, to the Company for working capital expenses. The Note bears no interest and is due and payable upon the earlier to occur of (i) the date on which the Company consummates its initial business combination and (ii) the date that the winding up of the Company is effective.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1865701/000121390023031317/0001213900-23-031317-index.htm
- Material Agreements
  Keyarch Acquisition Corp entered into Note with Keyarch Global Sponsor Limited valued at up to $250,000 (effective 2023-04-18).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Keyarch Global Sponsor Limited
  - Value: up to $250,000
  - Effective: 2023-04-18
  source text: On April 18, 2023, Keyarch Acquisition Corporation (the “ Company ”) issued a promissory note (the “ Note ”) in the principal amount of up to $250,000 to Keyarch Global Sponsor Limited, a Cayman Islands limited liability company and the Company’s sponsor (the “ Payee ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1865701/000121390023031317/0001213900-23-031317-index.htm

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