---
schema_version: "secwatch.filing_event.v1"
accession: "0001829126-23-006616"
form_type: "8-K"
ticker: null
cik: "0001880441"
company_name: "Battery Future Acquisition Corp."
filed_at: "2023-10-13T23:59:59+00:00"
generated_at: "2026-06-10T00:15:46.652238+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# BFAC extends deadline to Nov 17 after $250K Pala deposit; note cap raised to $1.25M

## Summary
- $250K deposited into trust for fifth one-month extension; new deadline Nov 17, 2023.
- Second A&R Pala Note raises aggregate borrowing capacity to $1.25M from prior limit.
- The $250K loan is convertible into warrants at $1/warrant, up to $6.9M aggregate for trust extension loans.
- Pala may convert trust extension loans into warrants identical to private placement warrants from IPO.

## SEC filing metadata
- accession: 0001829126-23-006616
- form_type: 8-K
- cik: 0001880441
- company_name: Battery Future Acquisition Corp.
- filed_at: 2023-10-13T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1880441/000182912623006616/0001829126-23-006616-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1880441/000182912623006616/batteryfuture_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001829126-23-006616
- JSON: https://secwatch.observer/filing/0001829126-23-006616.json
- Plain text: https://secwatch.observer/filing/0001829126-23-006616.txt

## Key facts
- Debt Financings
  Battery Future Acquisition Corp. incurred loan of $250,000 with Pala Investments Limited at zero percent maturing the earlier of (i) the date on which the business combination is consummated and (ii) the date of the Company’s liquidation.
  - Instrument: loan
  - Principal: $250,000
  - Counterparty: Pala Investments Limited
  - Rate: zero percent
  - Maturity: the earlier of (i) the date on which the business combination is consummated and (ii) the date of the Company’s liquidation
  - Event: incurrence
  source text: nsecured convertible promissory note (the “Pala Note”) to Pala Investments Limited (“Pala”) with each advance not to exceed $500,000. Pursuant to the Pala Note, BFAC agreed to repay the outstanding principal
  evidence_url: https://www.sec.gov/Archives/edgar/data/1880441/000182912623006616/0001829126-23-006616-index.htm
- Material Agreements
  Battery Future Acquisition Corp. entered into Pala Note with Pala Investments Limited.
  - Action: entry
  - Agreement: notes offering
  - Counterparty: Pala Investments Limited
  source text: Battery Future Acquisition Corp. (“BFAC” or the “Company”) issued an unsecured convertible promissory note (the “Pala Note”) to Pala Investments Limited (“Pala”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1880441/000182912623006616/0001829126-23-006616-index.htm
- Material Agreements
  Battery Future Acquisition Corp. amended Second A&R Pala Note with Pala Investments Limited valued at $1,250,000 (effective 2023-10-12).
  - Action: amendment
  - Agreement: notes offering
  - Counterparty: Pala Investments Limited
  - Value: $1,250,000
  - Effective: 2023-10-12
  source text: On October 12, 2023, the Company and Pala amended and restated the A&R Pala Note (the “Second A&R Pala Note”) to increase the aggregate principal amount available to be borrowed up to $1,250,000
  evidence_url: https://www.sec.gov/Archives/edgar/data/1880441/000182912623006616/0001829126-23-006616-index.htm
- Material Agreements
  Battery Future Acquisition Corp. amended A&R Pala Note with Pala Investments Limited (effective 2023-08-08).
  - Action: amendment
  - Agreement: notes offering
  - Counterparty: Pala Investments Limited
  - Effective: 2023-08-08
  source text: nsecured convertible promissory note (the “Pala Note”) to Pala Investments Limited (“Pala”) with each advance not to exceed $500,000. Pursuant to the Pala Note, BFAC agreed to repay the outstanding principal
  evidence_url: https://www.sec.gov/Archives/edgar/data/1880441/000182912623006616/0001829126-23-006616-index.htm

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