secwatch.observer — SEC 8-K summary
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Issuer:     Battery Future Acquisition Corp. (—)
CIK:        0001880441
Form:       8-K
Filed at:   2023-12-21T23:59:59+00:00
Accession:  0001829126-23-008160
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Battery Future Acquisition Corp. issues $150K convertible note to Pala Investments
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- Issued $150,000 convertible promissory note to Pala Investments Limited.
- Note bears 10% interest per annum; matures at business combination or liquidation.
- Pala may convert outstanding amounts into warrants at $1.00 per warrant, identical to private placement warrants.
- Proceeds used for working capital purposes.
- If no business combination, note repaid only from funds outside trust account.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1880441/000182912623008160/0001829126-23-008160-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1880441/000182912623008160/batteryfuture_8k.htm
  HTML page:      https://secwatch.observer/filing/0001829126-23-008160

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