---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-031660"
form_type: "8-K"
ticker: null
cik: "0001886268"
company_name: "SHUAA Partners Acquisition Corp I"
filed_at: "2023-09-05T23:59:59+00:00"
generated_at: "2026-06-11T00:13:26.767689+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# SHUAA Partners extends business combination deadline to Oct 4, 2023; secures $1M working capital note from sponsor

## Summary
- Sponsor deposited $70,000 into trust for one-month extension of deadline from Sep 4 to Oct 4, 2023.
- Board approved extension; company can extend monthly up to June 4, 2024.
- Issued up to $1M non-interest bearing promissory note to sponsor for working capital; due upon business combination or forgiven if no deal.
- Note is unsecured and repayable only from funds outside trust; sponsor waives claim to trust.
- Extension and note are standard for SPAC; no assurance of completing a business combination.

## SEC filing metadata
- accession: 0001493152-23-031660
- form_type: 8-K
- cik: 0001886268
- company_name: SHUAA Partners Acquisition Corp I
- filed_at: 2023-09-05T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1886268/000149315223031660/0001493152-23-031660-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1886268/000149315223031660/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-031660
- JSON: https://secwatch.observer/filing/0001493152-23-031660.json
- Plain text: https://secwatch.observer/filing/0001493152-23-031660.txt

## Key facts
- Debt Financings
  SHUAA Partners Acquisition Corp I incurred loan of up to $1,000,000 with SHUAA SPAC Sponsor I LLC at bears no interest maturing upon the date on which the Company's initial business combination is consummated.
  - Instrument: loan
  - Principal: up to $1,000,000
  - Counterparty: SHUAA SPAC Sponsor I LLC
  - Rate: bears no interest
  - Maturity: upon the date on which the Company's initial business combination is consummated
  - Event: incurrence
  source text: On August 31, 2023, SHUAA Partners Acquisition Corp I (the " Company ") issued a promissory note (the " Working Capital Note ") in the principal amount of up to $1,000,000 to SHUAA SPAC Sponsor I LLC (the " Sponsor ") to fund the Company's ongoing working capital needs. The Working Capital Note bears no interest and is due and payable upon the date on which the Company's initial business combination is consummated.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1886268/000149315223031660/0001493152-23-031660-index.htm
- Material Agreements
  SHUAA Partners Acquisition Corp I entered into Working Capital Note with SHUAA SPAC Sponsor I LLC valued at principal amount of up to $1,000,000 (effective 2023-08-31).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: SHUAA SPAC Sponsor I LLC
  - Value: principal amount of up to $1,000,000
  - Effective: 2023-08-31
  source text: On August 31, 2023, SHUAA Partners Acquisition Corp I (the “ Company ”) issued a promissory note (the “ Working Capital Note ”) in the principal amount of up to $1,000,000 to SHUAA SPAC Sponsor I LLC (the “ Sponsor ”) to fund the Company’s ongoing working capital needs.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1886268/000149315223031660/0001493152-23-031660-index.htm

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