---
schema_version: "secwatch.filing_event.v1"
accession: "0001864448-23-000131"
form_type: "8-K"
ticker: null
cik: "0001864448"
company_name: "Wejo Group Ltd"
filed_at: "2023-05-30T23:59:59+00:00"
generated_at: "2026-06-14T11:59:22.695042+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.95
calibrated_materiality_score: 0.95
confidence: "high"
source: SEC EDGAR
---

# Wejo Limited files notice to appoint administrators, accelerating ~$59M in debt; expects delisting

## Summary
- Wejo Limited filed notice of intention to appoint administrators (Andrew Poxon & Hilary Pascoe) on May 30, 2023.
- Event of default accelerated obligations: $42.6M secured loan notes, $10.5M convertible, $3.57M second lien, $2.2M unsecured.
- Company evaluating ancillary insolvency proceedings in other jurisdictions, including the US.
- Expects Nasdaq delisting notice and will not appeal; delisting of shares and warrants anticipated.

## SEC filing metadata
- accession: 0001864448-23-000131
- form_type: 8-K
- cik: 0001864448
- company_name: Wejo Group Ltd
- filed_at: 2023-05-30T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.95
- calibrated_materiality_score: 0.95
- confidence: high
- sec_items: 1.03, 2.04, 7.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1864448/000186444823000131/0001864448-23-000131-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1864448/000186444823000131/wejo-20230530.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001864448-23-000131
- JSON: https://secwatch.observer/filing/0001864448-23-000131.json
- Plain text: https://secwatch.observer/filing/0001864448-23-000131.txt

## Key facts
- Debt Financings
  Wejo Group Ltd faced acceleration on loan of approximately $42.6 million in principal and unpaid interest through April 2024 in the aggregate under the Secured Loan with Securis Investment Partners LLP.
  - Instrument: loan
  - Principal: approximately $42.6 million in principal and unpaid interest through April 2024 in the aggregate under the Secured Loan
  - Counterparty: Securis Investment Partners LLP
  - Event: acceleration
  source text: The filing of the Notice of Intent constitutes an event of default that accelerated the Company’s obligations under (i) the Secured Loan Notes issued under that certain Loan Note Instrument, dated April 21, 2021, by and among Wejo Limited and Securis Investment Partners LLP, as security agent;
  evidence_url: https://www.sec.gov/Archives/edgar/data/1864448/000186444823000131/0001864448-23-000131-index.htm
- Debt Financings
  Wejo Group Ltd faced acceleration on debt of $2.2 million in principal and redemption premium in the aggregate under the Unsecured Note with Tim Lee.
  - Principal: $2.2 million in principal and redemption premium in the aggregate under the Unsecured Note
  - Counterparty: Tim Lee
  - Event: acceleration
  source text: aggregate under the Secured Convertible Notes; (iii) approximately $3.57 million in principal, interest and extension fees in the aggregate under the Second Lien Note, and (iv) $2.2 million in principal and redemption premium in the aggregate under the Unsecured Note.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1864448/000186444823000131/0001864448-23-000131-index.htm
- Debt Financings
  Wejo Group Ltd faced acceleration on senior notes of approximately $3.57 million in principal, interest and extension fees in the aggregate under the Second Lien Note with Esousa Holdings LLC.
  - Instrument: senior notes
  - Principal: approximately $3.57 million in principal, interest and extension fees in the aggregate under the Second Lien Note
  - Counterparty: Esousa Holdings LLC
  - Event: acceleration
  source text: Secured Loan Notes; (ii) approximately $10.5 million in principal and interest through December 2023 in the aggregate under the Secured Convertible Notes; (iii) approximately $3.57 million in principal, interest and extension fees in the aggregate under the Second Lien Note, and (iv) $2.2 million in principal and redemption premium in the aggregate under the
  evidence_url: https://www.sec.gov/Archives/edgar/data/1864448/000186444823000131/0001864448-23-000131-index.htm
- Debt Financings
  Wejo Group Ltd faced acceleration on convertible notes of approximately $10.5 million in principal and interest through December 2023 in the aggregate under the Secured Convertib with General Motors Holdings LLC.
  - Instrument: convertible notes
  - Principal: approximately $10.5 million in principal and interest through December 2023 in the aggregate under the Secured Convertib
  - Counterparty: General Motors Holdings LLC
  - Event: acceleration
  source text: (ii) Secured Convertible Note issued under that certain Securities Purchase Agreement, dated December 16, 2022, by and between the Company and General Motors Holdings LLC
  evidence_url: https://www.sec.gov/Archives/edgar/data/1864448/000186444823000131/0001864448-23-000131-index.htm

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