---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-039691"
form_type: "8-K"
ticker: null
cik: "0001847241"
company_name: "Project Energy Reimagined Acquisition Corp."
filed_at: "2024-05-03T23:59:59+00:00"
generated_at: "2026-06-02T23:19:05.382190+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# PERAC extends combination deadline to Aug 2, 2024; secures backstop for up to 1M shares

## Summary
- Shareholders approved extension of business combination deadline from May 2 to August 2, 2024.
- 4,226,571 shares redeemed at ~$10.85/share; trust balance now ~$72.2M; 13,247,202 shares outstanding.
- Non-redemption agreements with backstop investors for up to 1M shares; backstop receives redemption price and 500k shares locked up.
- Issued unsecured promissory note of up to $225k to sponsor Smilodon Capital for monthly trust contributions.
- Business combination with Heramba (expected tickers PITA/PITAW) remains on track; Holdco registration accepted by SEC.

## SEC filing metadata
- accession: 0001213900-24-039691
- form_type: 8-K
- cik: 0001847241
- company_name: Project Energy Reimagined Acquisition Corp.
- filed_at: 2024-05-03T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 5.03, 5.07, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1847241/000121390024039691/0001213900-24-039691-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1847241/000121390024039691/ea0205220-8k425_project.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-039691
- JSON: https://secwatch.observer/filing/0001213900-24-039691.json
- Plain text: https://secwatch.observer/filing/0001213900-24-039691.txt

## Key facts
- Debt Financings
  Project Energy Reimagined Acquisition Corp. incurred loan of up to $225,000 with Smilodon Capital, LLC maturing the earlier of: (i) the date on which PERAC consummates its initial business combination and (ii) the date that the winding up of PERAC is effective.
  - Instrument: loan
  - Principal: up to $225,000
  - Counterparty: Smilodon Capital, LLC
  - Maturity: the earlier of: (i) the date on which PERAC consummates its initial business combination and (ii) the date that the winding up of PERAC is effective
  - Event: incurrence
  source text: On May 2, 2024, PERAC issued an unsecured promissory note (the "Note") in the principal amount of up to $225,000 to its sponsor, Smilodon Capital, LLC (the "Sponsor"), to be drawn down in connection with the previously announced contributions of $75,000 per month
  evidence_url: https://www.sec.gov/Archives/edgar/data/1847241/000121390024039691/0001213900-24-039691-index.htm
- Governance Changes
  Project Energy Reimagined Acquisition Corp.: Extended the date by which the company must consummate an initial business combination from May 2, 2024 to August 2, 2024 (effective 2024-04-29).
  - Change: charter amendment
  - Effective: 2024-04-29
  source text: PERAC’s shareholders approved a proposal to amend PERAC’s amended and restated memorandum and articles of association, as amended (the “Articles”), by way of special resolution, in the form set forth as Annex A to the Proxy Statement (the “Articles Amendments”), to extend the date by which PERAC must consummate an initial business combination from May 2, 2024 (the “Previous Termination Date”) to August 2, 2024
  evidence_url: https://www.sec.gov/Archives/edgar/data/1847241/000121390024039691/0001213900-24-039691-index.htm
- Shareholder Votes
  Project Energy Reimagined Acquisition Corp. shareholders approved Approve amendment to extend date to consummate initial business combination at the 2024-04-29 meeting.
  - Proposal: merger approval
  - Outcome: passed
  - Meeting: 2024-04-29
  source text: Approval of the Extension Amendment Proposal required a special resolution under Cayman Islands law, being the affirmative vote of at least a two-thirds (2/3) majority of the Ordinary Shares entitled to vote thereon and voted in person (including by virtual attendance) or by proxy at the Extension Meeting. Set forth below are the final voting results for the Extension Amendment Proposal: For Against Abstain Broker Non-Votes 14,099,037 1,002 0 0
  evidence_url: https://www.sec.gov/Archives/edgar/data/1847241/000121390024039691/0001213900-24-039691-index.htm

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