Cohen Circle Acquisition Corp. I: debt financing — Cohen Circle Acquisition Corp. I borrows $150,000 from sponsor under $2M promissory note

Cohen Circle Acquisition Corp. I

Issued $2M promissory note to sponsor Cohen Circle Sponsor I, LLC on April 2, 2025.
Note is non-interest bearing; principal due upon consummation of a business combination.
Initial draw of $150,000 made on April 2, 2025.
If business combination not consummated, unpaid amounts forgiven unless repaid from non-trust funds.
Loan supports working capital pending the previously announced Kyivstar business combination.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.95

Cohen Circle Acquisition Corp. I incurred loan of up to an aggregate principal amount of $2,000,000 with Cohen Circle Sponsor I, LLC at non-interest bearing maturing due on the date on which we consummate a business combination.

Instrument: loan
Principal: up to an aggregate principal amount of $2,000,000
Counterparty: Cohen Circle Sponsor I, LLC
Rate: non-interest bearing
Maturity: due on the date on which we consummate a business combination
Event: incurrence

Exact text from the filing

On April 2, 2025, Cohen Circle Acquisition Corp. I (“we,” “us” or the “Company”) issued a promissory note (the “Promissory Note”) to Cohen Circle Sponsor I, LLC (the “Lender”), one of the Company’s sponsors. Pursuant to the Promissory Note, the Lender agreed to loan us up to an aggregate principal amount of $2,000,000. The Promissory Note is non-interest bearing and all outstanding amounts under the Promissory Note will be due on the date on which we consummate a business combination (the “Maturity Date”).

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Source: SEC EDGAR

accession 0001213900-25-028067

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