secwatch.observer — SEC 8-K summary
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Issuer:     Pearl Holdings Acquisition Corp (—)
CIK:        0001856161
Form:       8-K
Filed at:   2024-02-28T23:59:59+00:00
Accession:  0001829126-24-001187
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Pearl Holdings enters subscription agreement for up to $500K working capital from Polar
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1856161/000182912624001187/0001829126-24-001187-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1856161/000182912624001187/pearlholdings_8k.htm
  HTML page:      https://secwatch.observer/filing/0001829126-24-001187

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