secwatch / observer
8-K filed June 20, 2023, 7:59 PM ET CIK 0001839519
other material confidence high sentiment neutral materiality 0.75

CF Acquisition Corp. VII: debt financing — CF Acquisition Corp. VII extends deadline to March 2024 via $3.86M sponsor note

CF Acquisition Corp. VII

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

CF Acquisition Corp. VII incurred loan of up to $3,861,966.87 with CFAC Holdings VII, LLC at bears no interest maturing upon the earlier of (a) the date of the consummation of the Business Combination or (b) the date of the liquidation of the Company.

Instrument
loan
Principal
up to $3,861,966.87
Counterparty
CFAC Holdings VII, LLC
Rate
bears no interest
Maturity
upon the earlier of (a) the date of the consummation of the Business Combination or (b) the date of the liquidation of the Company
Event
incurrence
Exact text from the filing
On June 16, 2023, CF Acquisition Corp. VII (the “ Company ”) issued a promissory note (the “ Note ”) in the principal amount of up to $3,861,966.87 to CFAC Holdings VII, LLC (the “ Sponsor ”), pursuant to which the Sponsor agreed to loan to the Company up to such amount
View on SEC.gov
Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

CF Acquisition Corp. VII: Extended the deadline to consummate a business combination from June 20, 2023 to March 20, 2024 (effective 2023-06-16).

Change
charter amendment
Effective
2023-06-16
Exact text from the filing
On June 16, 2023, the Company filed the first amendment to the Company’s Amended and Restated Certificate of Incorporation with the Secretary of State of the State of Delaware (the “ Extension Amendment ”). The Extension Amendment extends the date by which the Company must consummate the Business Combination from June 20, 2023 to March 20, 2024 (or such earlier date as determined by the board of directors of the Company).
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

CF Acquisition Corp. VII entered into Note with CFAC Holdings VII, LLC valued at principal amount of up to $3,861,966.87 (effective 2023-06-16).

Action
entry
Agreement
notes offering
Counterparty
CFAC Holdings VII, LLC
Value
principal amount of up to $3,861,966.87
Effective
2023-06-16
Exact text from the filing
CF Acquisition Corp. VII (the " Company ") issued a promissory note (the " Note ") in the principal amount of up to $3,861,966.87 to CFAC Holdings VII, LLC (the " Sponsor ")
View on SEC.gov
Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

CF Acquisition Corp. VII shareholders approved Extension Amendment to extend the date by which the Company must consummate a Business Combination from June 20, 2023 to March 20, 2024 at the 2023-06-16 meeting.

Proposal
merger approval
Outcome
passed
Meeting
2023-06-16
Exact text from the filing
The final voting results for the Extension Amendment Proposal were as follows: For Against Abstain 19,334,539 168,451 0
View on SEC.gov

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Source: SEC EDGAR
accession 0001213900-23-050169
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