Corner Growth Acquisition Corp. Files 8-K
| Field | Detail |
|---|---|
| Company | Corner Growth Acquisition Corp. |
| Form Type | 8-K |
| Filed Date | Aug 8, 2025 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.0001, $11.50, $1,000,000, $1.50 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 8-K, financial-obligation, acquisition-corp
TL;DR
Corner Growth Acquisition Corp. (CGC) filed an 8-K on 8/8/25, reporting new financial obligations as of 8/7/25.
AI Summary
Corner Growth Acquisition Corp. filed an 8-K on August 8, 2025, reporting events as of August 7, 2025. The filing indicates the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement, along with other events and financial statements. The company is incorporated in the Cayman Islands and its fiscal year ends on December 31.
Why It Matters
This 8-K filing signals potential new financial obligations or arrangements for Corner Growth Acquisition Corp., which could impact its financial structure and future operations.
Risk Assessment
Risk Level: medium — The filing of an 8-K detailing new financial obligations suggests potential changes in the company's financial structure that warrant closer examination.
Key Numbers
- 001-39814 — SEC File Number (Identifies the specific SEC filing for Corner Growth Acquisition Corp.)
- 98-1563902 — Commission File Number (Another identifier for the company's filings with the SEC.)
Key Players & Entities
- Corner Growth Acquisition Corp. (company) — Registrant
- August 7, 2025 (date) — Earliest event reported
- August 8, 2025 (date) — Filing date
- Cayman Islands (jurisdiction) — State of incorporation
FAQ
What specific financial obligation or arrangement was created by Corner Growth Acquisition Corp. as reported in this 8-K?
The filing indicates the creation of a 'Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement' but does not specify the exact nature or details of this obligation within the provided text.
What is the significance of the 'Other Events' item listed in the 8-K?
The 'Other Events' item suggests that there were additional material events or changes affecting Corner Growth Acquisition Corp. that are not covered by the other standard 8-K items.
When was Corner Growth Acquisition Corp. incorporated, and what is its fiscal year end?
Corner Growth Acquisition Corp. was incorporated in the Cayman Islands, and its fiscal year ends on December 31.
What is the business address and phone number for Corner Growth Acquisition Corp.?
The business address is 418 Broadway #6183, Albany, NY 12207, and the business phone number is 347-268-7868.
What SIC code is associated with Corner Growth Acquisition Corp.?
The Standard Industrial Classification (SIC) code associated with Corner Growth Acquisition Corp. is 6770, which typically relates to 'Blank Checks'.
Filing Stats: 750 words · 3 min read · ~3 pages · Grade level 12.4 · Accepted 2025-08-08 08:00:56
Key Financial Figures
- $0.0001 — nsisting of one Class A Ordinary Share, $0.0001 par value, and one-third of one redeema
- $11.50 — Ordinary Share at an exercise price of $11.50 COOLW N/A Indicate by check mark w
- $1,000,000 — . (the "Company") up to an aggregate of $1,000,000 for working capital purposes. The loan
- $1.50 — dinary shares, at a conversion price of $1.50 per share. The Warrants to be issued as
Filing Documents
- corner_8k.htm (8-K) — 33KB
- corner_ex101.htm (EX-10.1) — 22KB
- 0001477932-25-005575.txt ( ) — 199KB
- corner-20250807.xsd (EX-101.SCH) — 6KB
- corner-20250807_lab.xml (EX-101.LAB) — 17KB
- corner-20250807_cal.xml (EX-101.CAL) — 1KB
- corner-20250807_pre.xml (EX-101.PRE) — 12KB
- corner-20250807_def.xml (EX-101.DEF) — 6KB
- corner_8k_htm.xml (XML) — 7KB
01 Other Events
Item 8.01 Other Events. On August 7, 2025, Ringwood Field, LLC (" Ringwood ") agreed to loan to Corner Growth Acquisition Corp. (the "Company") up to an aggregate of $1,000,000 for working capital purposes. The loan is evidenced by a promissory note (the " Note ") which is non-interest bearing and payable upon the consummation by the Company of a merger, share exchange, asset acquisition, or other similar business combination with one or more businesses or entities (a " Business Combination "). Upon consummation of a Business Combination, Ringwood will have the option, but not the obligation, to convert the principal balance of the Note, in whole or in part, into warrants (the " Warrants ") of the Company, with each Warrant entitling the holder to purchase one of the Company's Class A ordinary shares, at a conversion price of $1.50 per share. The Warrants to be issued as a result of conversion of the Note will be identical to the private placement warrants sold concurrently with the Company's initial public offering. If the Company does not consummate a Business Combination, the Note will not be repaid and all amounts owed under the Note will be forgiven except to the extent that the Company has funds available to it outside of its trust account established in connection with the initial public offering (the " Trust Account "). The issuance of the Note was exempt pursuant to Section 4(a)(2) of the Securities Act of 1933, as amended. The foregoing summary of the Note is qualified in its entirety by reference to the text of the Note, which is filed as an exhibit hereto and incorporated by reference herein.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits (d) Exhibits: Exhibit Description 10.1 Promissory Note dated August 7, 2025. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 2
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. Corner Growth Acquisition Corp. Date: August 8, 2025 By: /s/ Xixuan Hei Name: Xixuan Hei Title: Chief Executive Officer 3