secwatch.observer — SEC 8-K summary
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Issuer:     Acri Capital Acquisition Corp (—)
CIK:        0001914023
Form:       8-K
Filed at:   2024-05-10T23:59:59+00:00
Accession:  0001213900-24-041719
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 2.03, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Acri Capital extends deadline to June 14, 2024; sponsor provides $50k convertible note
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- Deposited $50,000 into trust to extend business combination deadline from May 14 to June 14, 2024 (second of nine possible monthly extensions).
- Issued $50,000 unsecured promissory note to sponsor Acri Capital Sponsor LLC, convertible into warrants at $1.00 per warrant.
- Note non-interest bearing; payable at business combination or liquidation; holder may convert to private placement warrants.
- Press release issued May 10, 2024 confirms extension; warrants subject to 30-day lock-up and registration rights.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1914023/000121390024041719/0001213900-24-041719-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1914023/000121390024041719/ea0205794-8k_acricap.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-041719

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