secwatch.observer — SEC 8-K summary
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Issuer:     Appreciate Holdings, Inc. (—)
CIK:        0001821075
Form:       8-K/A
Filed at:   2023-05-09T23:59:59+00:00
Accession:  0001213900-23-037747
Event type: other_material
Sentiment:  negative
Materiality: 0.85
Item codes: 2.04, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Appreciate Holdings receives default notice and $6M settlement demand from Cohen & Company
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- Cohen & Company sent Notice of Default and Early Termination on May 3, 2023, citing failure to pay under VWAP Trigger Event.
- Settlement amount: $6,000,000 cash or 5,144,901 newly issued shares (or 6,099,345 penalty shares if conditions not met).
- Additionally, $250,000 in out-of-pocket expenses demanded.
- Default relates to OTC Equity Prepaid Forward Transaction dated November 29, 2022.
- Early termination date designated as May 4, 2023; counterparty is Appreciate Holdings (ticker SFR).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1821075/000121390023037747/0001213900-23-037747-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1821075/000121390023037747/ea178229-8ka_appreciate.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-037747

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