PowerUp Acquisition Corp. Terminates Material Agreement
Ticker: ASBPW · Form: 8-K · Filed: Jul 23, 2024 · CIK: 1847345
Sentiment: neutral
Topics: termination, material-agreement, filing
Related Tickers: PWUP
TL;DR
PowerUp Acquisition Corp. terminated a key deal on July 19th. Big implications ahead.
AI Summary
PowerUp Acquisition Corp. filed an 8-K on July 23, 2024, reporting the termination of a material definitive agreement as of July 19, 2024. The filing also includes financial statements and exhibits. The company is incorporated in the Cayman Islands and its fiscal year ends on December 31.
Why It Matters
The termination of a material definitive agreement can significantly impact a company's operations, financial standing, and future strategic direction.
Risk Assessment
Risk Level: medium — Termination of a material definitive agreement introduces uncertainty regarding the company's business strategy and financial future.
Key Players & Entities
- PowerUp Acquisition Corp. (company) — Registrant
- July 19, 2024 (date) — Date of earliest event reported
- July 23, 2024 (date) — Date of report
- Cayman Islands (location) — State of Incorporation
FAQ
What specific material definitive agreement was terminated by PowerUp Acquisition Corp.?
The filing states that a material definitive agreement was terminated, but does not specify which agreement in the provided text.
What is the effective date of the termination of the material definitive agreement?
The material definitive agreement was terminated as of July 19, 2024.
When did PowerUp Acquisition Corp. file this 8-K report?
PowerUp Acquisition Corp. filed this 8-K report on July 23, 2024.
Where is PowerUp Acquisition Corp. incorporated?
PowerUp Acquisition Corp. is incorporated in the Cayman Islands.
What is the fiscal year end for PowerUp Acquisition Corp.?
The fiscal year end for PowerUp Acquisition Corp. is December 31.
Filing Stats: 643 words · 3 min read · ~2 pages · Grade level 11.7 · Accepted 2024-07-23 07:00:27
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
Filing Documents
- form8-k.htm (8-K) — 46KB
- 0001493152-24-028770.txt ( ) — 272KB
- pwup-20240719.xsd (EX-101.SCH) — 4KB
- pwup-20240719_def.xml (EX-101.DEF) — 27KB
- pwup-20240719_lab.xml (EX-101.LAB) — 38KB
- pwup-20240719_pre.xml (EX-101.PRE) — 26KB
- form8-k_htm.xml (XML) — 8KB
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: July 23, 2024