---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-013752"
form_type: "8-K"
ticker: null
cik: "0001853112"
company_name: "Genesis Unicorn Capital Corp."
filed_at: "2023-04-27T23:59:59+00:00"
generated_at: "2026-06-16T09:25:06.000459+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Genesis Unicorn Capital increases sponsor loan to $4.5M to fund extension costs

## Summary
- Amended & restated promissory note with sponsor for up to $4.5M, replacing prior $2M note canceled and deemed void.
- Loan bears no interest, matures on earlier of Feb 17, 2024 or business combination closing.
- Proceeds used for extension fees and transaction costs to extend time for business combination.
- Sponsor waives any claim against the trust account.

## SEC filing metadata
- accession: 0001493152-23-013752
- form_type: 8-K
- cik: 0001853112
- company_name: Genesis Unicorn Capital Corp.
- filed_at: 2023-04-27T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1853112/000149315223013752/0001493152-23-013752-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1853112/000149315223013752/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-013752
- JSON: https://secwatch.observer/filing/0001493152-23-013752.json
- Plain text: https://secwatch.observer/filing/0001493152-23-013752.txt

## Key facts
- Debt Financings
  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
  source text: 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 .
  evidence_url: https://www.sec.gov/Archives/edgar/data/1853112/000149315223013752/0001493152-23-013752-index.htm
- Debt Financings
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1853112/000149315223013752/0001493152-23-013752-index.htm

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