---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-055158"
form_type: "8-K"
ticker: null
cik: "0001821075"
company_name: "Appreciate Holdings, Inc."
filed_at: "2023-07-06T23:59:59+00:00"
generated_at: "2026-06-13T12:06:01.967029+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# Appreciate Holdings borrows $425,000 under secured promissory note with St. Cloud Capital

## Summary
- Obtained $425,000 in funding via Secured Promissory Note dated June 29, 2023.
- Note issued under existing Securities Purchase Agreement with St. Cloud Capital Partners III SBIC, L.P.
- No interest rate, maturity, or other terms disclosed in the filing.

## SEC filing metadata
- accession: 0001213900-23-055158
- form_type: 8-K
- cik: 0001821075
- company_name: Appreciate Holdings, Inc.
- filed_at: 2023-07-06T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 2.03
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1821075/000121390023055158/0001213900-23-055158-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1821075/000121390023055158/ea181410-8k_appreciate.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-055158
- JSON: https://secwatch.observer/filing/0001213900-23-055158.json
- Plain text: https://secwatch.observer/filing/0001213900-23-055158.txt

## Key facts
- Debt Financings
  Appreciate Holdings, Inc. incurred loan of $425,000 with St. Cloud Capital Partners III SBIC, L.P..
  - Instrument: loan
  - Principal: $425,000
  - Counterparty: St. Cloud Capital Partners III SBIC, L.P.
  - Event: incurrence
  source text: On June 29, 2023, the Company obtained $425,000 in funding pursuant to that certain Secured Promissory Note dated as of June 29, 2023 (the "2023 Note"), issued under the Company's existing Securities Purchase Agreement, dated as of November 7, 2016 (as amended, modified, supplemented, increased and extended from time to time, the "Financing Agreement"), by and among Appreciate Holdings, Inc. (f/k/a RW National Holdings, LLC), a Delaware corporation, RW OpCo, LLC, a Delaware limited liability company, and St. Cloud Capital Partners III SBIC, L.P.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1821075/000121390023055158/0001213900-23-055158-index.htm

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