---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-020466"
form_type: "8-K"
ticker: null
cik: "0001868775"
company_name: "ASPAC I Acquisition Corp."
filed_at: "2024-03-06T23:59:59+00:00"
generated_at: "2026-06-05T02:59:23.378370+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# ASCA shareholders approve NewGenIvf merger; seals up to $3.5M JAK convertible note facility

## Summary
- Shareholders voted 99.86% in favor (2,768,905 for vs 4,000 against) for all four business combination proposals at March 4 special meeting.
- Entered Securities Purchase Agreement with JAK Opportunities VI for two tranches totaling up to $3.5M principal amount of 12.75% convertible notes.
- Third Amendment to Merger Agreement issued 295,000 Commitment Shares to JAK for $1.75M initial tranche payable at business combination close.
- Agreed to pay Chardan $1M cash, 1.5M PubCo shares, and 30% of post-closing financing proceeds to satisfy deferred underwriting commission.

## SEC filing metadata
- accession: 0001213900-24-020466
- form_type: 8-K
- cik: 0001868775
- company_name: ASPAC I Acquisition Corp.
- filed_at: 2024-03-06T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 5.07, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1868775/000121390024020466/0001213900-24-020466-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1868775/000121390024020466/ea0201275-8k425_aspac1.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-020466
- JSON: https://secwatch.observer/filing/0001213900-24-020466.json
- Plain text: https://secwatch.observer/filing/0001213900-24-020466.txt

## Key facts
- Debt Financings
  ASPAC I Acquisition Corp. incurred convertible notes of up to $3,500,000 with JAK Opportunities VI LLC at 12.75% per annum maturing six (6) months from the issuance date.
  - Instrument: convertible notes
  - Principal: up to $3,500,000
  - Counterparty: JAK Opportunities VI LLC
  - Rate: 12.75% per annum
  - Maturity: six (6) months from the issuance date
  - Event: incurrence
  source text: the Company has agreed to issue and sell to the Buyers, in a private placement, an aggregate of up to $3,500,000 principal amount of convertible notes
  evidence_url: https://www.sec.gov/Archives/edgar/data/1868775/000121390024020466/0001213900-24-020466-index.htm

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