{"schema_version":"secwatch.filing_event.v1","accession":"0001864448-23-000140","form_type":"8-K","ticker":null,"cik":"0001864448","company_name":"Wejo Group Ltd","filed_at":"2023-06-28T23:59:59+00:00","discovered_at":"2026-05-14T18:03:41.357280+00:00","generated_at":"2026-06-13T15:45:16.414882+00:00","sec_items":["1.02","1.03","2.04","7.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.95,"calibrated_materiality_score":0.95,"confidence":"high","headline":"Wejo terminates merger, subsidiary files third administration notice; debt accelerated, Nasdaq delisting","bullets":["Mutual termination of business combination agreement with TKB; no termination fee.","Wejo Limited filed third notice of intent to appoint administrators (Andrew Poxon, Hilary Pascoe).","Filing triggered acceleration of ~$42.6M secured loan notes, ~$10.5M convertible, ~$3.57M second lien, $2.2M unsecured.","Nasdaq delisting determination not appealed; trading suspended June 9, 2023."],"urls":{"canonical":"https://secwatch.observer/filing/0001864448-23-000140","json":"https://secwatch.observer/filing/0001864448-23-000140.json","markdown":"https://secwatch.observer/filing/0001864448-23-000140.md","text":"https://secwatch.observer/filing/0001864448-23-000140.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1864448/000186444823000140/0001864448-23-000140-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1864448/000186444823000140/wejo-20230628.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T15:45:16.414882+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":"591fc57ca8c12b6f36d8c169bff4306b48c7f61a","claim":"Wejo Group Ltd faced acceleration on loan of $2.2 million with Tim Lee.","evidence_excerpt":"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_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1864448/000186444823000140/0001864448-23-000140-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"$2.2 million"},{"label":"Counterparty","value":"Tim Lee"},{"label":"Event","value":"acceleration"}],"fact_type":"debt_financing"},{"claim_id":"67e4e2836cf2a9b346005c6f2cf6f501d7c426ed","claim":"Wejo Group Ltd faced acceleration on loan of $42.6 million with Securis Investment Partners LLP.","evidence_excerpt":"the Company in favor of Tim Lee. As of the date of the Third 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_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1864448/000186444823000140/0001864448-23-000140-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"$42.6 million"},{"label":"Counterparty","value":"Securis Investment Partners LLP"},{"label":"Event","value":"acceleration"}],"fact_type":"debt_financing"},{"claim_id":"9dd99b32e1102fbe6b338eb7c1153f7ba1650b53","claim":"Wejo Group Ltd faced acceleration on loan of $3.57 million with Esousa Holdings LLC.","evidence_excerpt":"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_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1864448/000186444823000140/0001864448-23-000140-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"$3.57 million"},{"label":"Counterparty","value":"Esousa Holdings LLC"},{"label":"Event","value":"acceleration"}],"fact_type":"debt_financing"},{"claim_id":"e92044fe70bb632ec8489f79945ce3f37ecdbf83","claim":"Wejo Group Ltd faced acceleration on convertible notes of $10.5 million with General Motors Holdings LLC.","evidence_excerpt":"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_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1864448/000186444823000140/0001864448-23-000140-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"$10.5 million"},{"label":"Counterparty","value":"General Motors Holdings LLC"},{"label":"Event","value":"acceleration"}],"fact_type":"debt_financing"},{"claim_id":"610364ef7ab62a33f2b2f4da998f619c0c8e0a78","claim":"Wejo Group Ltd entered receivership in High Court of Justice Business and Property Courts in Manchester (petition 2023-05-30).","evidence_excerpt":"Item 1.03 Bankruptcy or Receivership. As previously disclosed on May 30, 2023, Wejo Limited, an indirect, wholly-owned subsidiary of Wejo Group Limited (the “Company”), filed a notice of intention to appoint an administrator (the “Notice of Intent”) in the High Court of Justice Business and Property Courts in Manchester (the “UK Court”) in accordance with the requirements of Paragraphs 26 and 27(2) of Schedule B1 to the Insolvency Act 1986 and rule 3.23 of the Insolvency (England and Wales) Rules 2016.","evidence_source":"SEC 8-K Item 1.03","evidence_url":"https://www.sec.gov/Archives/edgar/data/1864448/000186444823000140/0001864448-23-000140-index.htm","confidence":0.95,"family_label":"Distress & Bankruptcy","details":[{"label":"Proceeding","value":"receivership"},{"label":"Court","value":"High Court of Justice Business and Property Courts in Manchester"},{"label":"Petition","value":"2023-05-30"}],"fact_type":"distress_event"},{"claim_id":"ecc9a37c0ff9680c946543b8bc00de5a2006480a","claim":"Wejo Group Ltd terminated Business Combination Agreement with TKB Critical Technologies 1 (effective 2023-06-25).","evidence_excerpt":"On June 25, 2023, the Company, TKB, Holdco, Merger Sub 1 and Merger Sub 2 entered into that certain Mutual Termination Agreement (\"Termination Agreement\") pursuant to which the parties mutually agreed to terminate the Business Combination Agreement","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1864448/000186444823000140/0001864448-23-000140-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"termination"},{"label":"Agreement","value":"merger"},{"label":"Counterparty","value":"TKB Critical Technologies 1"},{"label":"Effective","value":"2023-06-25"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}