secwatch.observer — SEC 8-K summary
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Issuer:     Edoc Acquisition Corp. (—)
CIK:        0001824884
Form:       8-K
Filed at:   2024-03-01T23:59:59+00:00
Accession:  0001213900-24-019106
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

EDOC Acquisition amends PIPE deal: $1M initial payment, $2.22M debenture, extends termination to Mar 31
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- Amendment No. 3 to Securities Purchase Agreement with Arena Investors: first closing debenture $2,222,222 principal, 10% OID, 18-month maturity; initial payment $1,000,000 (net of $1M reserve).
- Two additional closings: 60th trading day after first registration statement (Second Closing, $2,777,777) and after second registration statement (Third Closing, $2,777,777).
- Termination date and exclusivity period extended to March 31, 2024.
- If AOI fails to transfer CQ Oilseeds equity or grant first priority security, Pubco must issue 10M penny warrants at $0.01 per share to PIPE investor.
- Sponsor to fund $1M escrow as condition; redemption deadline extended to March 5, 2024 for shareholders.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1824884/000121390024019106/0001213900-24-019106-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1824884/000121390024019106/ea0201064-8k425_edocacq.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-019106

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