---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-25-050783"
form_type: "8-K"
ticker: "CPTKW"
cik: "0001827899"
company_name: "Crown PropTech Acquisitions"
filed_at: "2025-06-03T23:59:59+00:00"
generated_at: "2026-05-20T01:51:01.318331+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Mkango subsidiary gets $750K convertible notes from CPTK sponsors to fund SPAC merger and Nasdaq listing

## Summary
- Lancaster (Mkango subsidiary) signs NPA for $500K BCA Note (escrowed) and $250K Form F-4 Note from CPTK sponsors.
- Escrowed $500K released upon execution of definitive BCA and TSX-V approval; $250K note issued after Form F-4 filing.
- Notes bear 12% interest (9% PIK, 3% cash); at merger, principal+interest convert at 2x shares of Lancaster valuation.
- Merger would combine Songwe Hill rare earths project and Pulawy separation plant; HyProMag recycling excluded from deal.
- Funds provide working capital for Lancaster to complete merger and achieve standalone NASDAQ listing.

## SEC filing metadata
- accession: 0001213900-25-050783
- form_type: 8-K
- ticker: CPTKW
- cik: 0001827899
- company_name: Crown PropTech Acquisitions
- filed_at: 2025-06-03T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1827899/000121390025050783/0001213900-25-050783-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1827899/000121390025050783/ea0244442-8k425_crown.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-25-050783
- JSON: https://secwatch.observer/filing/0001213900-25-050783.json
- Plain text: https://secwatch.observer/filing/0001213900-25-050783.txt

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