PowerUp Acquisition Corp. Signs Material Definitive Agreement
Ticker: ASBPW · Form: 8-K · Filed: Jun 7, 2024 · CIK: 1847345
| Field | Detail |
|---|---|
| Company | Powerup Acquisition CORP. (ASBPW) |
| Form Type | 8-K |
| Filed Date | Jun 7, 2024 |
| Risk Level | low |
| Pages | 6 |
| Reading Time | 7 min |
| Key Dollar Amounts | $0.0001, $11.50, $1 million, $2 m, $5,000,001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-definitive-agreement, corporate-action
TL;DR
PowerUp Acquisition Corp. just signed a big deal, filing an 8-K on June 6th.
AI Summary
PowerUp Acquisition Corp. entered into a material definitive agreement on June 6, 2024. The company, formerly known as PowsedrUp Acquisition Corp., is incorporated in the Cayman Islands and its fiscal year ends on December 31st. The filing also includes financial statements and exhibits.
Why It Matters
This filing indicates a significant development for PowerUp Acquisition Corp., potentially signaling a step towards a business combination or other strategic move.
Risk Assessment
Risk Level: low — The filing is a standard 8-K reporting a material definitive agreement, which is a routine corporate event.
Key Players & Entities
- PowerUp Acquisition Corp. (company) — Registrant
- PowsedrUp Acquisition Corp. (company) — Former company name
- June 6, 2024 (date) — Date of earliest event reported
FAQ
What is the nature of the material definitive agreement entered into by PowerUp Acquisition Corp.?
The filing does not specify the exact nature of the material definitive agreement, only that one was entered into on June 6, 2024.
When was PowerUp Acquisition Corp. formerly known by another name?
The company was formerly known as PowsedrUp Acquisition Corp. and the date of the name change was February 22, 2021.
What is the business address of PowerUp Acquisition Corp.?
The business address is 1200 Broadway, Floor 3, New York, NY 10038.
What is the SIC code for PowerUp Acquisition Corp.?
The Standard Industrial Classification (SIC) code for PowerUp Acquisition Corp. is 2834, which corresponds to Pharmaceutical Preparations.
What is the SEC file number for PowerUp Acquisition Corp.?
The SEC file number for PowerUp Acquisition Corp. is 001-41293.
Filing Stats: 1,691 words · 7 min read · ~6 pages · Grade level 14.5 · Accepted 2024-06-07 16:25:49
Key Financial Figures
- $0.0001 — f one Class A ordinary share, par value $0.0001 per share, and one-half of one Redeemab
- $11.50 — able for one Class A Ordinary Share for $11.50 per share, included as part of the unit
- $1 million — creases PowerUp's Indebtedness cap from $1 million to $2 million, eliminates the requireme
- $2 m — p's Indebtedness cap from $1 million to $2 million, eliminates the requirement that
- $5,000,001 — Up have net tangible assets of at least $5,000,001 at the time of the Closing, and reduces
- $5 million — reduces the Minimum Cash Condition from $5 million to $1.00. Additionally, the Amendment a
- $1.00 — nimum Cash Condition from $5 million to $1.00. Additionally, the Amendment adds three
- $500,000 — raise capital in an amount no less than $500,000 on terms reasonably acceptable to Power
- $1,000 — not make any expenditures in excess of $1,000 without the express approval of PowerUp
Filing Documents
- form8-k.htm (8-K) — 58KB
- ex2-1.htm (EX-2.1) — 40KB
- 0001493152-24-023111.txt ( ) — 329KB
- pwupu-20240606.xsd (EX-101.SCH) — 4KB
- pwupu-20240606_def.xml (EX-101.DEF) — 27KB
- pwupu-20240606_lab.xml (EX-101.LAB) — 37KB
- pwupu-20240606_pre.xml (EX-101.PRE) — 25KB
- form8-k_htm.xml (XML) — 7KB
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 hereunto duly authorized. POWERUP ACQUISITION CORP. By: /s/ Surendra Ajjarapu Surendra Ajjarapu Chief Executive Officer Date: June 7, 2024