Ads-Tec Energy Updates on $15M Promissory Notes
Ticker: ADSEW · Form: 6-K · Filed: Aug 30, 2024 · CIK: 1879248
| Field | Detail |
|---|---|
| Company | Ads-Tec Energy Public Ltd Co (ADSEW) |
| Form Type | 6-K |
| Filed Date | Aug 30, 2024 |
| Risk Level | low |
| Pages | 7 |
| Reading Time | 9 min |
| Key Dollar Amounts | $15,000,000, $0.0001, $6.20, $3,000,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: debt, subsidiary, disclosure
TL;DR
Ads-Tec Energy confirms $15M in secured notes issued by subsidiary in Aug 2023.
AI Summary
Ads-Tec Energy Public Ltd Co is providing an update regarding its 2023 Promissory Notes. As previously disclosed on August 25, 2023, its subsidiary, Ads-Tec Energy Inc., issued secured promissory notes totaling $15 million on August 18, 2023. This filing is a Report of Foreign Private Issuer for the month of August 2024.
Why It Matters
This filing clarifies the status of outstanding debt obligations, providing transparency for investors regarding the company's financial structure.
Risk Assessment
Risk Level: low — The filing is a routine disclosure of previously announced information and does not introduce new risks.
Key Numbers
- $15 million — Promissory Notes Principal (Aggregate principal amount issued by subsidiary)
Key Players & Entities
- Ads-Tec Energy Public Ltd Co (company) — Registrant
- Ads-Tec Energy Inc. (company) — Debtor and wholly-owned subsidiary
- $15 million (dollar_amount) — Aggregate principal amount of secured promissory notes
- August 18, 2023 (date) — Date of promissory note issuance
- August 25, 2023 (date) — Date of previous Form 6-K filing
FAQ
What is the purpose of this Form 6-K filing?
This Form 6-K is a Report of Foreign Private Issuer for the month of August 2024, providing an update on the company's activities and disclosures.
When were the secured promissory notes issued?
The secured promissory notes were issued on August 18, 2023.
Who issued the secured promissory notes?
Ads-Tec Energy Inc., a Delaware corporation and wholly-owned subsidiary of Ads-Tec Energy PLC, issued the secured promissory notes.
What was the aggregate principal amount of the promissory notes?
The aggregate principal amount of the secured promissory notes was $15 million.
Has this information been previously disclosed?
Yes, the issuance of these promissory notes was previously disclosed on a Form 6-K filed on August 25, 2023.
Filing Stats: 2,247 words · 9 min read · ~7 pages · Grade level 14 · Accepted 2024-08-30 16:30:50
Key Financial Figures
- $15,000,000 — s with an aggregate principal amount of $15,000,000 to certain lenders (the “2023 Len
- $0.0001 — ,500,001 ordinary shares, nominal value $0.0001 per share (the “Warrant Shares&rd
- $6.20 — of the Company, at a purchase price of $6.20 per Warrant Share. Once the Debtor has
- $3,000,000 — missory note with a principal amount of $3,000,000 to ads-tec Holding GmbH, an affiliate o
Filing Documents
- ea0212900-6k_adstec.htm (6-K) — 36KB
- ea021290001ex10-1_adstec.htm (EX-10.1) — 46KB
- ea021290001ex10-2_adstec.htm (EX-10.2) — 71KB
- ea021290001ex10-3_adstec.htm (EX-10.3) — 47KB
- ea021290001ex10-4_adstec.htm (EX-10.4) — 42KB
- ea021290001ex10-5_adstec.htm (EX-10.5) — 69KB
- ea021290001ex10-6_adstec.htm (EX-10.6) — 47KB
- ea021290001ex10-7_adstec.htm (EX-10.7) — 26KB
- ea021290001ex10-8_adstec.htm (EX-10.8) — 139KB
- ea021290001ex10-9_adstec.htm (EX-10.9) — 65KB
- ex10-7_001.jpg (GRAPHIC) — 2KB
- 0001213900-24-074563.txt ( ) — 592KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Dated: August 30, 2024 ads-tec Energy PLC By: /s/ Wolfgang Breme Name: Wolfgang Breme Title: Chief Financial Officer 4