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PowerUp Acquisition Corp. 8-K Report: Key Insights on Class A Shares & Warrants

$PWUP
Form 8-K
Filed on: 2025-02-10
Source
PowerUp Acquisition Corp. 8-K Report: Key Insights on Class A Shares & Warrants

Based on the provided financial report section, here are the key insights and information extracted:

  1. Company Identification:
  • Entity Name: PowerUp Acquisition Corp.
  • CIK: 0001847345
  • SEC Filing Type: 8-K
  • Filing Date: February 4, 2025
  1. Stock Information:
  • Class of Stock: Class A ordinary shares
  • Par Value: $0.0001 per share
  • Units: Each unit consists of one Class A ordinary share and one-half of one redeemable warrant.
  1. Redeemable Warrants:
  • Exercise Price: Each redeemable warrant is exercisable for one Class A ordinary share at a price of $11.50.
  1. Market Information:
  • Stock Ticker Symbols:
    • Class A Ordinary Shares: PWUPU (NASDAQ)
    • Redeemable Warrants: PWUPW (NASDAQ)
  1. Contact Information:
  • Address: 188 Grand Street Unit #195, New York, NY 10013
  • Phone Number: (347) 313-8109
  1. Reporting Context:
  • The report covers a specific date: February 4, 2025, with financial statements reflecting information as of that date.
  1. Units and Measurement:
  • The report details the units in USD and shares, indicating the financial metrics are denominated in U.S. dollars and shares.

This information is crucial for investors and analysts to understand the structure of the company's securities and their associated rights and obligations. The terms of the redeemable warrants, in particular, provide insight into potential future capital raising and dilution scenarios for existing shareholders.