secwatch.observer — SEC 8-K summary
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Issuer:     SBC Medical Group Holdings Inc (SBC)
CIK:        0001930313
Form:       8-K
Filed at:   2023-06-02T23:59:59+00:00
Accession:  0001493152-23-019965
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Pono Capital Two issues $1M convertible note to SBC, extends merger agreement deadline to June 15
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- On May 26, 2023, issued $1M convertible promissory note to SBC Medical Group, convertible into 100,000 shares at $10.00/share upon merger close.
- Note bears no interest; principal due May 17, 2024 or earlier if merger closes.
- On May 30, 2023, extended deadline for completion of disclosure schedules and due diligence from May 31 to June 15, 2023.
- Shares issued upon conversion subject to lock-up agreement with six-month minimum period.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1930313/000149315223019965/0001493152-23-019965-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1930313/000149315223019965/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-019965

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