secwatch.observer — SEC 8-K summary
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Issuer:     Wejo Group Ltd (—)
CIK:        0001864448
Form:       8-K
Filed at:   2023-06-20T23:59:59+00:00
Accession:  0001864448-23-000138
Event type: other_material
Sentiment:  negative
Materiality: 0.95
Item codes: 1.03, 2.04, 7.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1864448/000186444823000138/0001864448-23-000138-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1864448/000186444823000138/wejo-20230620.htm
  HTML page:      https://secwatch.observer/filing/0001864448-23-000138

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