{"schema_version":"secwatch.filing_event.v1","accession":"0001829126-24-001187","form_type":"8-K","ticker":null,"cik":"0001856161","company_name":"Pearl Holdings Acquisition Corp","filed_at":"2024-02-28T23:59:59+00:00","discovered_at":"2026-05-14T18:03:26.055097+00:00","generated_at":"2026-06-05T09:33:56.972368+00:00","sec_items":["1.01","2.03","3.02","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Pearl Holdings enters subscription agreement for up to $500K working capital from Polar","bullets":["Polar Multi-Strategy Master Fund commits up to $500,000; initial $250,000 call due within 5 business days.","Pearl will issue one Class A share per dollar funded at De-SPAC closing; repayment in cash or 1 share per $10.","Sponsor and SPAC jointly liable; default triggers penalty shares of 0.1 per dollar per month.","Discussions underway with additional investors to raise up to $1.5 million total.","Agreement includes registration rights; liquidation proceeds (outside trust) go to Polar if no deal."],"urls":{"canonical":"https://secwatch.observer/filing/0001829126-24-001187","json":"https://secwatch.observer/filing/0001829126-24-001187.json","markdown":"https://secwatch.observer/filing/0001829126-24-001187.md","text":"https://secwatch.observer/filing/0001829126-24-001187.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1856161/000182912624001187/0001829126-24-001187-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1856161/000182912624001187/pearlholdings_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-05T09:33:56.972368+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"f0125dec7af1d3ccd2066167688e3ea634f098f7","claim":"Pearl Holdings Acquisition Corp incurred debt of up to $500,000 with Polar Multi-Strategy Master Fund maturing upon a De-SPAC Closing.","evidence_excerpt":"On February 22, 2024, Pearl Holdings Acquisition Corp (the “Company”) entered into a subscription agreement (the “Subscription Agreement”) with Pearl Holdings Sponsor LLC (“Sponsor”) and Polar Multi-Strategy Master Fund (“Polar”), pursuant to which, and on the terms and subject to the conditions of which, Polar agreed to contribute up to $500,000 in cash to the Company (the “Capital Contribution”) to cover working capital expenses.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1856161/000182912624001187/0001829126-24-001187-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Principal","value":"up to $500,000"},{"label":"Counterparty","value":"Polar Multi-Strategy Master Fund"},{"label":"Maturity","value":"upon a De-SPAC Closing"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"e3d4f68abb837b788b8d63998df5045ab4dc2c10","claim":"Pearl Holdings Acquisition Corp entered into Subscription Agreement with Pearl Holdings Sponsor LLC and Polar Multi-Strategy Master Fund valued at up to $500,000 (effective 2024-02-22).","evidence_excerpt":"On February 22, 2024, Pearl Holdings Acquisition Corp (the “Company”) entered into a subscription agreement (the “Subscription Agreement”) with Pearl Holdings Sponsor LLC (“Sponsor”) and Polar Multi-Strategy Master Fund (“Polar”), pursuant to which, and on the terms and subject to the conditions of which, Polar agreed to contribute up to $500,000 in cash to the Company (the “Capital Contribution”) to cover working capital expenses.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1856161/000182912624001187/0001829126-24-001187-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"Pearl Holdings Sponsor LLC and Polar Multi-Strategy Master Fund"},{"label":"Value","value":"up to $500,000"},{"label":"Effective","value":"2024-02-22"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}