---
schema_version: "secwatch.filing_event.v1"
accession: "0001564590-23-000656"
form_type: "8-K"
ticker: "ABX"
cik: "0001814287"
company_name: "Abacus Global Management, Inc."
filed_at: "2023-01-23T23:59:59+00:00"
generated_at: "2026-06-20T11:56:58.741390+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# East Resources Acquisition extends deadline to July 27, 2023; 6.86M shares redeemed (~$70M)

## Summary
- Stockholders approved charter amendment extending business combination deadline from Jan 27 to July 27, 2023.
- 6,862,925 Class A shares redeemed at ~$10.21/share, removing ~$70.07M from trust account.
- Sponsor issued promissory note for up to $565,497; initial $94,249 deposited into trust for first monthly extension.
- Monthly extensions possible with additional $94,249 deposits until July 27, 2023, at sponsor's discretion.

## SEC filing metadata
- accession: 0001564590-23-000656
- form_type: 8-K
- ticker: ABX
- cik: 0001814287
- company_name: Abacus Global Management, Inc.
- filed_at: 2023-01-23T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 5.03, 2.03, 5.07, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1814287/000156459023000656/0001564590-23-000656-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1814287/000156459023000656/eresu-8k_20230120.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001564590-23-000656
- JSON: https://secwatch.observer/filing/0001564590-23-000656.json
- Plain text: https://secwatch.observer/filing/0001564590-23-000656.txt

## Key facts
- Debt Financings
  Abacus Global Management, Inc. incurred loan of up to $565,497.31 with East Sponsor, LLC at 0% maturing earlier of (a) date of consummation of initial business combination or (b) date of liquidation.
  - Instrument: loan
  - Principal: up to $565,497.31
  - Counterparty: East Sponsor, LLC
  - Rate: 0%
  - Maturity: earlier of (a) date of consummation of initial business combination or (b) date of liquidation
  - Event: incurrence
  source text: On January 23, 2023, East Resources Acquisition Company, a Delaware corporation (the “Company”), issued a promissory note (the “Note”) in the principal amount of up to $ 565,497.31 to East Sponsor, LLC, a Delaware limited liability company (the “Sponsor”), pursuant to which the Sponsor agreed to loan the Company up to $ 565,497.31 in connection with the extension of the Company’s time to consummate a business combination from January 27, 2023 to July 27, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1814287/000156459023000656/0001564590-23-000656-index.htm
- Governance Changes
  Abacus Global Management, Inc.: Amendment to extend the deadline for initial business combination from January 27, 2023 to July 27, 2023 (effective 2023-01-23).
  - Change: charter amendment
  - Effective: 2023-01-23
  source text: On January 23, 2023, the Company filed an amendment (the “Second Extension Amendment”) to the Company’s Amended and Restated Certificate of Incorporation (the “A&R Charter”) with the Secretary of State of the State of Delaware. The Second Extension Amendment extends the date by which the Company must consummate its initial business combination from January 27, 2023 to July 27, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1814287/000156459023000656/0001564590-23-000656-index.htm
- Material Agreements
  Abacus Global Management, Inc. entered into Note with East Sponsor, LLC valued at $ 565,497.31 (effective 2023-01-23).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: East Sponsor, LLC
  - Value: $ 565,497.31
  - Effective: 2023-01-23
  source text: On January 23, 2023, East Resources Acquisition Company, a Delaware corporation (the “Company”), issued a promissory note (the “Note”) in the principal amount of up to $ 565,497.31 to East Sponsor, LLC, a Delaware limited liability company (the “Sponsor”), pursuant to which the Sponsor agreed to loan the Company up to $ 565,497.31 in connection with the extension of the Company’s time to consummate a business combination from January 27, 2023 to July 27, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1814287/000156459023000656/0001564590-23-000656-index.htm
- Shareholder Votes
  Abacus Global Management, Inc. shareholders approved To approve and amend the A&R Charter to extend the date by which the Company must consummate a business combination from January 27, 2023 to July 27, 2023. at the 2023-01-20 meeting.
  - Proposal: charter amendment
  - Outcome: passed
  - Meeting: 2023-01-20
  source text: The Second Extension Amendment Proposal – To approve and amend the A&R Charter to extend the date by which the Company must consummate a business combination from January 27, 2023 to July 27, 2023. For Against Abstain 15,840,829 707,122 9,196
  evidence_url: https://www.sec.gov/Archives/edgar/data/1814287/000156459023000656/0001564590-23-000656-index.htm

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