Ads-Tec Energy Restates $25M in Promissory Notes
Ticker: ADSEW · Form: 6-K · Filed: Jan 16, 2025 · CIK: 1879248
| Field | Detail |
|---|---|
| Company | Ads-Tec Energy Public Ltd Co (ADSEW) |
| Form Type | 6-K |
| Filed Date | Jan 16, 2025 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $25,000,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: debt, financing, notes
TL;DR
Ads-Tec Energy restated $25M in debt notes from Aug 2024 on Jan 13, 2025.
AI Summary
On January 13, 2025, Ads-Tec Energy Inc., a subsidiary of Ads-Tec Energy PLC, amended and restated secured promissory notes totaling $25,000,000. These notes were originally dated August 26, 2024.
Why It Matters
This filing clarifies the terms and conditions of a significant debt instrument, providing transparency for investors regarding the company's financial obligations.
Risk Assessment
Risk Level: low — The filing is a routine update on existing debt instruments and does not introduce new risks.
Key Numbers
- $25.0M — Promissory Notes (Aggregate principal amount amended and restated on January 13, 2025.)
Key Players & Entities
- Ads-Tec Energy Inc. (company) — Debtor and subsidiary
- Ads-Tec Energy PLC (company) — Parent company
- $25,000,000 (dollar_amount) — Aggregate principal amount of promissory notes
- August 26, 2024 (date) — Original date of promissory notes
- January 13, 2025 (date) — Date of amendment and restatement
FAQ
What is the purpose of amending and restating the promissory notes?
The filing does not explicitly state the purpose, but it indicates the notes were amended and restated on January 13, 2025.
Who is the Debtor in this transaction?
Ads-Tec Energy Inc., a Delaware corporation and wholly-owned subsidiary of Ads-Tec Energy PLC, is the Debtor.
What was the original principal amount of the promissory notes?
The aggregate principal amount of the secured promissory notes was $25,000,000.
When were the original promissory notes dated?
The original secured promissory notes were dated August 26, 2024.
Is Ads-Tec Energy PLC the parent company of Ads-Tec Energy Inc.?
Yes, the filing states that Ads-Tec Energy Inc. is a wholly-owned subsidiary of Ads-Tec Energy PLC.
Filing Stats: 628 words · 3 min read · ~2 pages · Grade level 15.2 · Accepted 2025-01-16 16:30:02
Key Financial Figures
- $25,000,000 — 4 with an aggregate principal amount of $25,000,000 (the “Aggregate Principal Amount&
Filing Documents
- ea0227682-6k_adstec.htm (6-K) — 14KB
- ea022768201ex10-1_adstec.htm (EX-10.1) — 47KB
- 0001213900-25-004219.txt ( ) — 62KB
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: January 16, 2025 ads-tec Energy PLC By: /s/ Stefan Berndt-von Bülow Name: Stefan Berndt-von Bülow Title: Chief Financial Officer 2