Global Gas Corp. Enters Material Definitive Agreement

TL;DR

Global Gas Corp. just signed a big deal, creating new financial obligations.

AI Summary

Global Gas Corp. entered into a material definitive agreement on December 5, 2024, which also created a direct financial obligation for the company. The filing details this agreement and related financial obligations, with the company incorporated in Delaware and headquartered at 99 Wall Street, New York.

Why It Matters

This filing indicates a significant new financial commitment or partnership for Global Gas Corp., which could impact its future operations and financial standing.

Risk Assessment

Risk Level: medium — Entering into material definitive agreements and creating financial obligations can introduce new risks related to performance, financing, and market conditions.

Key Numbers

• 0.0001 — Par Value per Share (Par value for Class Common Stock)
• 11.50 — Exercise Price per Share (Exercise price for warrants)

Key Players & Entities

• Global Gas Corp. (company) — Registrant
• December 5, 2024 (date) — Date of earliest event reported
• 99 Wall Street, New York, NY 10005 (address) — Business and Mail Address
• Dune Acquisition Corp (company) — Former Company Name

FAQ

Key Financial Figures

• $0.0001 — tered Class A common stock, par value $0.0001 per share HGAS None Warrants, eac
• $11.50 — mon stock, each at an exercise price of $11.50 per share HGASW None Indicate by
• $300,000 — m time to time of up to an aggregate of $300,000 that could be drawn by the Company and
• $170,000 — nd. As of September 30, 2024, there was $170,000 outstanding under the Sponsor Note. Al
• $250,000 — m time to time of up to an aggregate of $250,000 that could be drawn by Global Hydrogen
• $103,950 — nd. As of September 30, 2024, there was $103,950 outstanding under the Glatt Note. On D
• $0.15 — Class A common stock of the Company at $0.15 per share, representing the last sale p

Filing Documents

• ea0224117-8k_global.htm (8-K) — 36KB
• ea022411701ex10-1_global.htm (EX-10.1) — 19KB
• ea022411701ex10-2_global.htm (EX-10.2) — 19KB
• 0001213900-24-106997.txt ( ) — 303KB
• hgas-20241205.xsd (EX-101.SCH) — 4KB
• hgas-20241205_def.xml (EX-101.DEF) — 26KB
• hgas-20241205_lab.xml (EX-101.LAB) — 36KB
• hgas-20241205_pre.xml (EX-101.PRE) — 25KB
• ea0224117-8k_global_htm.xml (XML) — 6KB

01 Entry into a Material

Item 1.01 Entry into a Material Definitive Agreement. As previously disclosed, on June 21, 2023, Global Gas Corporation (the "Company"), under its prior name, Dune Acquisition Corporation, issued an unsecured promissory note (the "Sponsor Note") to the Company's sponsor, Dune Acquisition Holdings LLC, which provided for borrowings from time to time of up to an aggregate of $300,000 that could be drawn by the Company and used for working capital purposes and to pay expenses related to the Company's business combination with Global Hydrogen Energy LLC ("Global Hydrogen", such business combination the "Business Combination"), which Business Combination was completed on December 21, 2023. The Sponsor Note did not bear interest and was payable on the earlier of December 31, 2023 and the completion of the Business Combination. Since then, the Sponsor Note has been due on demand. As of September 30, 2024, there was $170,000 outstanding under the Sponsor Note. Also as previously disclosed, on June 21, 2023, Global Hydrogen issued an unsecured promissory note (the "Glatt Note", and collectively with the Sponsor Note, the "Notes" and each a "Note") to Carter Glatt, the Company's Chairman of the Board (and formerly Chief Executive Officer and Director), which provided for borrowings from time to time of up to an aggregate of $250,000 that could be drawn by Global Hydrogen and used for working capital purposes and to pay expenses related to the Business Combination. The Glatt Note did not bear interest and was payable on the earlier of December 31, 2023 and the completion of the Business Combination. Since then, the Glatt Note has been due on demand. As of September 30, 2024, there was $103,950 outstanding under the Glatt Note. On December 5, 2024, the Company and the holders of each of the Sponsor Note and the Glatt Note, respectively, amended and restated each such applicable note to, (i) fix the principal amount of each Note (as opposed to such Notes being able to be dra

03 Creation

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The disclosure contained in Item 1.01 of this Current Report on Form 8-K is incorporated by reference into this Item 2.03.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Description of Exhibit 10.1 Amended and Restated Sponsor Note. 10.2 Amended and Restated Glatt Note. 104 Cover page interactive data file (embedded within the Inline XBRL document). 1

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. GLOBAL GAS CORPORATION Date: December 9, 2024 By: /s/ Carter Glatt Name: Carter Glatt Title: Chairman of the Board 2

View Full Filing

View this 8-K filing on SEC EDGAR