Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.95
Cetus Capital Acquisition Corp. incurred loan of up to $300,000 (initial draw $50,000) with Cetus Sponsor LLC at not specified maturing unknown.
- Instrument
- loan
- Principal
- up to $300,000 (initial draw $50,000)
- Counterparty
- Cetus Sponsor LLC
- Rate
- not specified
- Event
- incurrence
Exact text from the filing
Issuance of Note In connection with the Extension Amendment, Cetus Sponsor LLC (the “ Sponsor ”) has caused an aggregate of $50,000 to be deposited into the Trust Account. This deposit was made in respect of a loan to the Company in the aggregate principal amount of up to $300,000 (the “ Sponsor Loan ”), which Sponsor Loan is evidenced by an unsecured promissory note issued by the Company to the Sponsor (the “ Sponsor Note ”).
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Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
Cetus Capital Acquisition Corp.: Amendment to extend the deadline for initial business combination from February 3, 2024 to up to August 3, 2024 through six one-month extensions (effective 2024-02-02).
- Change
- charter amendment
- Effective
- 2024-02-02
Exact text from the filing
On February 2, 2024, the Company filed the Extension Amendment with the Secretary of State of the State of Delaware. The Extension Amendment extends the date by which the Company must consummate its initial business combination from February 3, 2024 up to six (6) one-month extensions to August 3, 2024, provided that an additional amount equal to the lesser of $0.03 per outstanding public share and $50,000 for each month extended is deposited into the Trust Account, or such earlier date as determined by the Company’s board of directors.
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