---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-008995"
form_type: "8-K"
ticker: null
cik: "0001847241"
company_name: "Project Energy Reimagined Acquisition Corp."
filed_at: "2024-02-01T23:59:59+00:00"
generated_at: "2026-06-06T11:29:07.522460+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# Project Energy Reimagined Acquisition Corp. issues up to $375K promissory note to CEO

## Summary
- Unsecured promissory note of up to $375,000 issued to CEO Srinath Narayanan, with $350,000 drawn as of filing date.
- Note is non-interest bearing, payable upon the earlier of business combination or winding up of the SPAC.
- Proceeds intended for operating expenses and costs related to the initial business combination.
- Repayment is limited to funds outside the trust account if no business combination occurs.

## SEC filing metadata
- accession: 0001213900-24-008995
- form_type: 8-K
- cik: 0001847241
- company_name: Project Energy Reimagined Acquisition Corp.
- filed_at: 2024-02-01T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1847241/000121390024008995/0001213900-24-008995-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1847241/000121390024008995/ea192626-8k_project.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-008995
- JSON: https://secwatch.observer/filing/0001213900-24-008995.json
- Plain text: https://secwatch.observer/filing/0001213900-24-008995.txt

## Key facts
- Debt Financings
  Project Energy Reimagined Acquisition Corp. incurred loan of up to $375,000 with Srinath Narayanan maturing earlier of: (i) the date on which the Company consummates its initial business combination and (ii) the date that the winding up of the Company is effective.
  - Instrument: loan
  - Principal: up to $375,000
  - Counterparty: Srinath Narayanan
  - Maturity: earlier of: (i) the date on which the Company consummates its initial business combination and (ii) the date that the winding up of the Company is effective
  - Event: incurrence
  source text: On January 26, 2024, Project Energy Reimagined Acquisition Corp. (the “Company”) issued an unsecured promissory note (the “Note”) in the principal amount of up to $375,000 to Srinath Narayanan, the Company’s Chief Executive Officer
  evidence_url: https://www.sec.gov/Archives/edgar/data/1847241/000121390024008995/0001213900-24-008995-index.htm

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