Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Stratim Cloud Acquisition Corp. incurred loan of two hundred fifty thousand U.S. Dollars (U.S. $250,000) with Stratim Cloud Acquisition, LLC at 10% per annum maturing on the date by which the Company completes a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination i.
- Instrument
- loan
- Principal
- two hundred fifty thousand U.S. Dollars (U.S. $250,000)
- Counterparty
- Stratim Cloud Acquisition, LLC
- Rate
- 10% per annum
- Maturity
- on the date by which the Company completes a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination i
- Event
- incurrence
Exact text from the filing
On June 6, 2023, Stratim Cloud Acquisition Corp., a Delaware Corporation (the “ Company ”) entered into a Promissory Note (the “ Promissory Note ”) with its sponsor, Stratim Cloud Acquisition, LLC, a Delaware limited liability company (the “ Sponsor ”). Pursuant to the Promissory Note, the Sponsor has agreed to provide the Company with a loan up to a principal amount of two hundred fifty thousand U.S. Dollars (U.S. $250,000) with an interest rate of 10% per annum, computed at a daily rate of 0.0278%. All unpaid principal and interest under the Promissory Note shall be due and payable in full on the date by which the Company completes a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination involving the Company and one or more businesses pursuant to its Amended and Restated Certificate of Incorporation (as it may be amended from time to time) (the “ Maturity Date ”).
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Stratim Cloud Acquisition Corp. entered into Promissory Note with Stratim Cloud Acquisition, LLC valued at $250,000 (effective 2023-06-06).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Stratim Cloud Acquisition, LLC
- Value
- $250,000
- Effective
- 2023-06-06
Exact text from the filing
On June 6, 2023, Stratim Cloud Acquisition Corp., a Delaware Corporation (the “ Company ”) entered into a Promissory Note (the “ Promissory Note ”) with its sponsor, Stratim Cloud Acquisition, LLC, a Delaware limited liability company (the “ Sponsor ”). Pursuant to the Promissory Note, the Sponsor has agreed to provide the Company with a loan up to a principal amount of two hundred fifty thousand U.S. Dollars (U.S. $250,000) with an interest rate of 10% per annum, computed at a daily rate of 0.0278%.
View on SEC.gov