secwatch.observer — SEC 8-K summary
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Issuer:     Abacus Global Management, Inc. (ABX)
CIK:        0001814287
Form:       8-K
Filed at:   2023-01-23T23:59:59+00:00
Accession:  0001564590-23-000656
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 5.03, 2.03, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1814287/000156459023000656/0001564590-23-000656-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1814287/000156459023000656/eresu-8k_20230120.htm
  HTML page:      https://secwatch.observer/filing/0001564590-23-000656

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer