Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Genesis Unicorn Capital Corp. amended loan of up to $2,000,000 with Genesis Unicorn Capital, LLC.
- Instrument
- loan
- Principal
- up to $2,000,000
- Counterparty
- Genesis Unicorn Capital, LLC
- Event
- amendment
Exact text from the filing
For the purposes of clarity, the Company and the Sponsor hereby agreed that the certain instrument dated as of March 1, 2023 pursuant to which the Sponsor purported to loan up to $2,000,000 to the Company was hereby canceled and deemed void ab initio .
View on SEC.gov
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Genesis Unicorn Capital Corp. amended loan of up to $4,500,000 with Genesis Unicorn Capital, LLC at bears no interest maturing the earlier of (a) February 17, 2024 or (b) the date of the consummation of the Company’s initial business combination.
- Instrument
- loan
- Principal
- up to $4,500,000
- Counterparty
- Genesis Unicorn Capital, LLC
- Rate
- bears no interest
- Maturity
- the earlier of (a) February 17, 2024 or (b) the date of the consummation of the Company’s initial business combination
- Event
- amendment
Exact text from the filing
On April 27, 2023, Genesis Unicorn Capital Corp. (the “Company”) issued an amended and restated promissory note (the “ Note ”) in the principal amount of up to $4,500,000 to Genesis Unicorn Capital, LLC (the “ Sponsor ”), pursuant to which the Sponsor shall loan to the Company up to $4,500,000 to pay, among other things, any extension fees and transaction costs associated with any extensions of time needed for the Company to consummate its business combination.
View on SEC.gov