---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-052097"
form_type: "8-K"
ticker: "ASBP"
cik: "0001847345"
company_name: "Aspire Biopharma Holdings, Inc."
filed_at: "2024-12-26T23:59:59+00:00"
generated_at: "2026-05-28T23:22:57.781238+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# PowerUp secures up to $500K loan from Blackstone (Aspire insider) at 20% OID to fund merger

## Summary
- Blackstone may loan up to $500,000 principal; $184,543.80 drawn as of Dec. 18, 2024.
- Loan has 20% original issue discount, 10% annual interest, and 10% exit fee.
- Maturity is earlier of June 1, 2025 or $5M gross proceeds from a debt/equity offering.
- At Business Combination close, Sponsor transfers 3 PWUP Class A shares per dollar loaned to Blackstone.
- Commitment Shares registered under Registration Rights Agreement included in the deal.

## SEC filing metadata
- accession: 0001493152-24-052097
- form_type: 8-K
- ticker: ASBP
- cik: 0001847345
- company_name: Aspire Biopharma Holdings, Inc.
- filed_at: 2024-12-26T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1847345/000149315224052097/0001493152-24-052097-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1847345/000149315224052097/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-052097
- JSON: https://secwatch.observer/filing/0001493152-24-052097.json
- Plain text: https://secwatch.observer/filing/0001493152-24-052097.txt

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