Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.97
Twelve Seas Investment Co. II incurred loan of $202,410 with Twelve Seas Sponsor II LLC at no interest maturing 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
- $202,410
- Counterparty
- Twelve Seas Sponsor II LLC
- Rate
- no interest
- Maturity
- 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 December 1, 2023, Twelve Seas Investment Company II (the " Company ") issued a promissory note (the " Note ") in the principal amount of up to $202,410 to Twelve Seas Sponsor II LLC (the " Sponsor "), pursuant to which the Sponsor agreed to loan to the Company up to such amount in connection with the extension of the date by which the Company must either (i) consummate a business combination, (ii) cease all operations, or (iii) redeem or repurchase 100% of the Company’s outstanding Public Shares (as defined below), from December 2, 2023 to June 2, 2024 , or such earlier date as determined by the Company’s board of directors (the " Extension ").
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
Twelve Seas Investment Co. II entered into Promissory Note with Twelve Seas Sponsor II LLC valued at up to $202,410 (effective 2023-12-01).
- Action
- entry
- Agreement
- notes offering
- Counterparty
- Twelve Seas Sponsor II LLC
- Value
- up to $202,410
- Effective
- 2023-12-01
Exact text from the filing
On December 1, 2023, Twelve Seas Investment Company II (the “ Company ”) issued a promissory note (the “ Note ”) in the principal amount of up to $202,410 to Twelve Seas Sponsor II LLC (the “ Sponsor ”), pursuant to which the Sponsor agreed to loan to the Company up to such amount in connection with the extension of the date by which the Company must either (i) consummate a business combination, (ii) cease all operations, or (iii) redeem or repurchase 100% of the Company’s outstanding Public Shares (as defined below), from December 2, 2023 to June 2, 2024 , or such earlier date as determined by the Company’s board of directors (the “ Extension ”).
View on SEC.gov