secwatch.observer — SEC 8-K summary
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Issuer:     Blue Ocean Acquisition Corp (—)
CIK:        0001856961
Form:       8-K
Filed at:   2024-04-11T23:59:59+00:00
Accession:  0001213900-24-032001
Event type: debt
Sentiment:  neutral
Materiality: 0.35
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Blue Ocean Acquisition Corp issues $750K promissory note to sponsor for working capital
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- Unsecured, non-interest-bearing note from Blue Ocean Acquisition Corp to Blue Ocean Sponsor LLC dated April 5, 2024.
- Principal up to $750,000; drawdowns of at least $50,000 each, payable upon business combination or trust liquidation.
- Note includes a 10% fee on outstanding principal payable at consummation of a business combination.
- Funds to be used for costs and expenses related to an initial business combination.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1856961/000121390024032001/0001213900-24-032001-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1856961/000121390024032001/ea0203674-8k_blueocean.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-032001

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer