secwatch.observer — SEC 8-K summary
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Issuer:     TortoiseEcofin Acquisition Corp. III (—)
CIK:        0001847112
Form:       8-K
Filed at:   2023-07-21T23:59:59+00:00
Accession:  0001213900-23-058902
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

TortoiseEcofin Acquisition Corp. III issues $1M promissory note and appoints Thomas Hennessy as director
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- Issued up to $1,000,000 promissory note to Hennessy Capital Growth Partners Fund I SPV V, LLC for working capital.
- Three underwriters (Barclays, Goldman Sachs, Academy) waived ~$9.96 million of deferred discount related to proposed business combination.
- Thomas D. Hennessy appointed as director, replacing Stephen Pang who resigned; Steven Schnitzer also resigned as VP, General Counsel.
- Hennessy Capital Growth Partners Fund I acquired sponsor interests and 5,893,333 private placement warrants from TortoiseEcofin Sponsor III LLC.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1847112/000121390023058902/0001213900-23-058902-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1847112/000121390023058902/ea182177-8k_tortoise3.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-058902

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