secwatch.observer — SEC 8-K summary
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Issuer:     Cetus Capital Acquisition Corp. (—)
CIK:        0001936702
Form:       8-K
Filed at:   2023-11-03T23:59:59+00:00
Accession:  0001493152-23-039351
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cetus Capital gets $575K extension loan from sponsor to push business combo deadline to Feb 2, 2024
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- Sponsor deposited $575,000 into trust account to extend business combination deadline from Nov 2, 2023 to Feb 2, 2024.
- Loan evidenced by unsecured promissory note bearing 6.5% interest, due upon earlier of business combination or May 2, 2024.
- Funds provided by MKD BVI to sponsor, secured by 575,000 shares of Company common stock held by sponsor.
- Extension allows more time for pending Business Combination with MKD Technology Inc. (MKD Taiwan).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1936702/000149315223039351/0001493152-23-039351-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1936702/000149315223039351/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-039351

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