Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an
Off-Balance Sheet Arrangement of a Registrant.
On September 9, 2022, Global Consumer Acquisition Corp. (the "Company") issued
an unsecured promissory note in the aggregate principal amount of $1,826,300
(the "Note") to Global Consumer Acquisition LLC, the Company's initial public
offering sponsor ("Sponsor"), in exchange for Sponsor depositing such amount
into the Company's trust account in order to extend the amount of time it has
available to complete a business combination. The Note does not bear interest
and matures upon closing of a business combination by the Company, provided,
however, that the Note will not be repaid in the event that the Company is
unable to close a business combination unless there are funds available outside
of the Company's trust account to do so. In addition, the Note may be converted
at the closing of a business combination by the Company by the holder into
private units of the Company identical to the public units issued in the
Company's initial public offering at a price of $10.00 per unit.
Item 8.01 Other Events
The Company issued the release filed herewith on September 12, 2022. The
materials attached as Exhibit 99.1 are incorporated by reference herein.
Item 9.01. Financial Statements and Exhibits.
Exhibit No. Description
99.1 Press Release dated September 12, 2022
104 Cover Page Interactive Data File - the cover page XBRL tags are
embedded within the Inline XBRL document.
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GLOBAL CONSUMER ACQUISITION CORP. 