PowerUp Acquisition Corp. Files 8-K for Material Agreement
Ticker: ASBPW · Form: 8-K · Filed: Dec 26, 2024 · CIK: 1847345
| Field | Detail |
|---|---|
| Company | Powerup Acquisition CORP. (ASBPW) |
| Form Type | 8-K |
| Filed Date | Dec 26, 2024 |
| Risk Level | medium |
| Pages | 8 |
| Reading Time | 10 min |
| Key Dollar Amounts | $0.0001, $11.50, $500,000, $184,543.80, $5,000,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, equity-sale, spac
Related Tickers: PWUP
TL;DR
PWUP filed an 8-K on 12/26 for a material agreement on 12/18. Big news incoming.
AI Summary
PowerUp Acquisition Corp. filed an 8-K on December 26, 2024, reporting a material definitive agreement entered into on December 18, 2024. The filing also covers unregistered sales of equity securities and includes financial statements and exhibits. The company's principal executive offices are located at 1200 Broadway, Floor 3, New York, NY.
Why It Matters
This filing indicates a significant event for PowerUp Acquisition Corp., likely related to a business combination or financing, which could impact its stock price and future operations.
Risk Assessment
Risk Level: medium — Material definitive agreements and unregistered equity sales can introduce significant financial and operational risks for a SPAC.
Key Players & Entities
- PowerUp Acquisition Corp. (company) — Registrant
- December 18, 2024 (date) — Date of earliest event reported
- December 26, 2024 (date) — Filing date
- 1200 Broadway, Floor 3, New York, NY (location) — Business Address
FAQ
What is the nature of the material definitive agreement entered into by PowerUp Acquisition Corp. on December 18, 2024?
The filing does not specify the exact nature of the material definitive agreement, only that one was entered into on December 18, 2024.
What type of equity securities were sold in the unregistered sales reported in the 8-K?
The filing mentions the sale of PWUP:Units, PWUP:ClassOrdinaryShares, and PWUP:RedeemableWarrants, which were included as part of units.
When was PowerUp Acquisition Corp. formerly known as PowsedrUp Acquisition Corp. and when did the name change occur?
The company was formerly known as PowsedrUp Acquisition Corp., and the name change occurred on February 22, 2021.
What is the SIC code for PowerUp Acquisition Corp. and what industry does it represent?
The SIC code is 2834, which corresponds to Pharmaceutical Preparations.
What is the exercise price for the redeemable warrants mentioned in the filing?
The redeemable warrants are exercisable for one Class Ordinary Share at $11.50 per share.
Filing Stats: 2,539 words · 10 min read · ~8 pages · Grade level 16.7 · Accepted 2024-12-26 16:05:29
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
- $500,000 — up to an aggregate principal amount of $500,000 to the Company, with an original issue
- $184,543.80 — ggregate principal amount loaned equals $184,543.80. The maturity date of the Blackstone No
- $5,000,000 — any receives gross proceeds of at least $5,000,000 in an offering of its debt or equity se
Filing Documents
- form8-k.htm (8-K) — 70KB
- ex10-1.htm (EX-10.1) — 82KB
- ex10-2.htm (EX-10.2) — 67KB
- ex10-3.htm (EX-10.3) — 136KB
- 0001493152-24-052097.txt ( ) — 651KB
- pwup-20241218.xsd (EX-101.SCH) — 4KB
- pwup-20241218_def.xml (EX-101.DEF) — 30KB
- pwup-20241218_lab.xml (EX-101.LAB) — 37KB
- pwup-20241218_pre.xml (EX-101.PRE) — 27KB
- 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: December 26, 2024