---
schema_version: "secwatch.filing_event.v1"
accession: "0001864448-23-000138"
form_type: "8-K"
ticker: null
cik: "0001864448"
company_name: "Wejo Group Ltd"
filed_at: "2023-06-20T23:59:59+00:00"
generated_at: "2026-06-13T21:51:05.644321+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.95
calibrated_materiality_score: 0.95
confidence: "high"
source: SEC EDGAR
---

# Wejo Group subsidiary files second administration notice; $58.9M debt accelerated; Nasdaq delisted

## Summary
- Wejo Limited filed second Notice of Intent to appoint administrators; first expired June 12, 2023; new filing June 13, 2023.
- Default accelerated ~$42.6M Secured Loan Notes, ~$10.5M GM Convertible, ~$3.57M Esousa Second Lien, $2.2M Unsecured Note.
- Company will not appeal Nasdaq delisting; trading of common shares and warrants suspended June 9, 2023.
- Evaluating ancillary insolvency proceedings in other jurisdictions, including the US.

## SEC filing metadata
- accession: 0001864448-23-000138
- form_type: 8-K
- cik: 0001864448
- company_name: Wejo Group Ltd
- filed_at: 2023-06-20T23:59:59+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/1864448/000186444823000138/0001864448-23-000138-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1864448/000186444823000138/wejo-20230620.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001864448-23-000138
- JSON: https://secwatch.observer/filing/0001864448-23-000138.json
- Plain text: https://secwatch.observer/filing/0001864448-23-000138.txt

## Key facts
- Debt Financings
  Wejo Group Ltd faced acceleration on convertible notes of $10.5 million with General Motors Holdings LLC.
  - Instrument: convertible notes
  - Principal: $10.5 million
  - Counterparty: General Motors Holdings LLC
  - Event: acceleration
  source text: each such note issuance: (i) approximately $42.6 million in principal and unpaid interest through April 2024 in the aggregate under the 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1864448/000186444823000138/0001864448-23-000138-index.htm
- Debt Financings
  Wejo Group Ltd faced acceleration on senior notes of $2.2 million with Tim Lee.
  - Instrument: senior notes
  - Principal: $2.2 million
  - 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/1864448/000186444823000138/0001864448-23-000138-index.htm
- Debt Financings
  Wejo Group Ltd faced acceleration on senior notes of $3.57 million with Esousa Holdings LLC.
  - Instrument: senior notes
  - Principal: $3.57 million
  - 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/1864448/000186444823000138/0001864448-23-000138-index.htm
- Debt Financings
  Wejo Group Ltd faced acceleration on senior notes of $42.6 million with Securis Investment Partners LLP.
  - Instrument: senior notes
  - Principal: $42.6 million
  - Counterparty: Securis Investment Partners LLP
  - Event: acceleration
  source text: Company in favor of Tim Lee. As of the date of the Second Notice of Intent, the Company had the following amounts outstanding under each such note issuance: (i) approximately $42.6 million in principal and unpaid interest through April 2024 in the aggregate under the Secured Loan Notes; (ii) approximately $10.5 million in principal and interest through December
  evidence_url: https://www.sec.gov/Archives/edgar/data/1864448/000186444823000138/0001864448-23-000138-index.htm

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