secwatch.observer — SEC 8-K summary
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Issuer:     Keyarch Acquisition Corp (—)
CIK:        0001865701
Form:       8-K
Filed at:   2023-04-20T23:59:59+00:00
Accession:  0001213900-23-031317
Event type: debt
Sentiment:  neutral
Materiality: 0.30
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1865701/000121390023031317/0001213900-23-031317-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1865701/000121390023031317/ea177254-8k_keyarchacq.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-031317

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