ADS-TEC Energy PLC 6-K Report: Key Financial Insights & Promissory Notes Overview

Here are the key insights extracted from the financial report of ADS-TEC Energy Public Limited Company, as detailed in the 6-K filing:

1. Company Information:

• Name: ADS-TEC Energy PLC
• Principal Office Address: 10 Earlsfort Terrace, Dublin 2, D02 T380, Ireland
• Telephone: +353 1 920 1000
• SEC File Number: 001-41188

2. Report Details:

• Type: Form 6-K, Report of Foreign Private Issuer
• Filing Date: January 16, 2025
• Period Covered: January 2025

3. Promissory Notes:

• Debtor: ADS-TEC Energy Inc., a wholly-owned subsidiary of ADS-TEC Energy PLC.
• Aggregate Principal Amount: $25,000,000.
• Date of Amendment: January 13, 2025.
• Original Date of Notes: August 26, 2024.
• Maturity Date: August 31, 2025.
• Interest Rate: 10% per annum.
• Prepayment: The Debtor can prepay the notes in whole or part before the maturity date.
• Flexibility: The notes allow the Debtor to repay and reborrow portions of the principal amount until maturity.

4. Lenders: The lenders include entities and individuals affiliated with Lucerne Capital.
5. Exhibits:

• Exhibit 10.1: Form of Promissory Notes dated January 13, 2024.

6. Forward-Looking Statements:

• The report contains forward-looking statements, indicating that actual results may differ from expectations due to various factors outside the company's control. Readers are cautioned against placing undue reliance on these statements.

7. Cautionary Note: The report highlights the inherent risks associated with forward-looking statements and refers to the "Risk Factors" disclosed in the company's Form 20-F.

Overall, this filing provides a snapshot of ADS-TEC Energy PLC's financial obligations through promissory notes, including terms and conditions, while also cautioning investors about the uncertainties involved in forward-looking statements.