Abpro Holdings gets $147K CEO loan for D&O insurance; director replaced

Abpro Holdings, Inc.

CEO Miles Suk lends $147,000 unsecured to fund D&O insurance premium; 9-month term, 3-month interest-free, then SOFR+2%.
Director Ian McDonald resigned Jan. 16, not due to any disagreement with company.
Dr. Byung-Hak Yoon appointed Class I director to fill vacancy; will serve on Audit, Compensation, and Nominating committees.
Dr. Yoon, age 51, is CEO of OQPBIOM and Doowon Science Pharma; extensive pharma experience.
Loan is solely for insurance premium; no prepayment penalty, no collateral.

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

Abpro Holdings, Inc. incurred loan of $147,000 with Miles J.W. Suk at three-month Term SOFR plus 2.0% per annum; no interest accrues during first thre maturing nine-month term from date of advance.

Instrument: loan
Principal: $147,000
Counterparty: Miles J.W. Suk
Rate: three-month Term SOFR plus 2.0% per annum; no interest accrues during first thre
Maturity: nine-month term from date of advance
Event: incurrence

Exact text from the filing

On January 17, 2026, Abpro Holdings, Inc. (the “ Company ”) entered into a Loan Agreement with its Chief Executive Officer and Chairman, Miles J.W. Suk (the “ Lender ”), pursuant to which the Lender agreed to provide the Company with an unsecured loan in the principal amount of $147,000 to fund the premium for the Company’s directors’ and officers’ liability insurance.

View on SEC.gov

306 debt financings filed in the last 30 days. Browse all debt financings →

Abpro Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-26-007215

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.