secwatch.observer — SEC 8-K summary
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Issuer:     CORNER GROWTH ACQUISITION CORP. 2 (—)
CIK:        0001847513
Form:       8-K
Filed at:   2025-08-15T23:59:59+00:00
Accession:  0001477932-25-005949
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Corner Growth Acquisition Corp. 2 obtains $1M convertible working capital loan from Connor Square
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- Loan of up to $1,000,000 from Connor Square, LLC for working capital, evidenced by a promissory note dated August 14, 2025.
- Loan is non-interest bearing and payable upon consummation of a business combination; if no deal, forgiven unless funds outside trust.
- Upon business combination, lender can convert principal into warrants at $1.50 per share, identical to private placement warrants from IPO.
- The loan provides additional working capital while the SPAC seeks a business combination target.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1847513/000147793225005949/0001477932-25-005949-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1847513/000147793225005949/corner_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-25-005949

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