---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-072131"
form_type: "8-K"
ticker: null
cik: "0001821075"
company_name: "Appreciate Holdings, Inc."
filed_at: "2023-08-30T23:59:59+00:00"
generated_at: "2026-06-11T02:03:41.017087+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Forbearance terminated; St. Cloud may foreclose on Appreciate Holdings' assets

## Summary
- Second forbearance agreement with St. Cloud expired Aug 24, 2023 after milestone not met.
- Forbearance termination allows St. Cloud to exercise secured lender remedies.
- If no new agreement, St. Cloud could foreclose on substantially all company assets.
- Company continues discussions with St. Cloud regarding path forward.

## SEC filing metadata
- accession: 0001213900-23-072131
- form_type: 8-K
- cik: 0001821075
- company_name: Appreciate Holdings, Inc.
- filed_at: 2023-08-30T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.04
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1821075/000121390023072131/0001213900-23-072131-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1821075/000121390023072131/ea184486-8k_appreciate.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-072131
- JSON: https://secwatch.observer/filing/0001213900-23-072131.json
- Plain text: https://secwatch.observer/filing/0001213900-23-072131.txt

## Key facts
- Debt Financings
  Appreciate Holdings, Inc. reported a default on credit facility with St. Cloud Capital Partners III SBIC, LP.
  - Instrument: credit facility
  - Counterparty: St. Cloud Capital Partners III SBIC, LP
  - Event: default
  source text: As of August 24, 2023, the Company has not satisfied a certain milestone in the Second Forbearance Agreement. As a result, St. Cloud’s agreement to forbear from exercising any rights and remedies under its senior secured debt facilities or under applicable law with respect to any existing defaults thereunder or any failure to comply with certain financial covenants for a specified period of time is terminated.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1821075/000121390023072131/0001213900-23-072131-index.htm

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