secwatch.observer — SEC 8-K summary
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Issuer:     ASPAC I Acquisition Corp. (—)
CIK:        0001868775
Form:       8-K
Filed at:   2024-03-18T23:59:59+00:00
Accession:  0001213900-24-023177
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Aspac I Acquisition extends business combination deadline to April 17 via trust deposit, secures $300K sponsor note
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- Deposited $20,000 into trust account; deadline extended from March 17 to April 17, 2024; trust now holds ~$21.5 million.
- Issued unsecured promissory note to sponsor A SPAC (Holdings) Acquisition Corp. for up to $300,000 to fund expenses and working capital.
- Note is convertible into warrants at $1.00 per warrant with same terms as public warrants; no interest accrues.
- Note payable on demand or upon termination/consummation of initial business combination; proceeds used for extension payments and working capital.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1868775/000121390024023177/0001213900-24-023177-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1868775/000121390024023177/ea0201946-8k_aspac1acq.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-023177

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