UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or Section 15(d)

of the Securities Exchange Act of 1934

Date of Report (date of earliest event reported): August 11 18, 2023

ALSP ORCHID ACQUISITION CORPORATION I

(Exact Name of Registrant as Specified in Its Charter)

Cayman Islands	001-41086	N/A
(State or Other Jurisdiction ofIncorporation or Organization)	(CommissionFile Number)	(I.R.S. EmployerIdentification Number)
(State or Other Jurisdiction of Incorporation or Organization)	(Commission File Number)	(I.R.S. EmployerIdentification Number)

2815 Eastlake Avenue East, Suite 300

Seattle, WA 98102

98102

(Address of Principal Executive Offices)

(Zip Code)

(Registrant’s telephone number, including area code): (206) 957-7300

N/A

(Former name or former address, if changed since last report)

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	TradingSymbol(s)	Name of each ~~exchangeon~~exchange on which registered
Units, each consisting of one share of Class A ordinary shares, $0.0001 par value, and on-half of one redeemable warrant	ALORU	The Nasdaq Stock Market LLC
Class A ordinary shares included as part of the units	ALOR	The Nasdaq Stock Market LLC
Redeemable warrants included as part of the units, each whole warrant exercisable for one Class A ordinary share at an exercise price of $11.50	ALORW	The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 18.01 ~~Entry~~Other ~~into a Material Definitive Agreement~~Events

~~The~~On ~~information~~August 17, ~~provided~~2023, inthe ~~Item~~board ~~2.03~~of directors (the “Board”) of ~~this~~ALSP ~~Current~~Orchid ~~Report~~Acquisition onCorporation ~~Form~~I 8(the “Company”) approved a three-Kmonth isextension ~~incorporated~~of bythe ~~reference~~time period during which the Company may consummate an initial business combination (such time period, the “Business Combination Period” and such extension, the “Extension”). In connection with the Extension, on August 18, the Company caused to be deposited into ~~this~~the ~~Item~~trust 1account that the Company established in connection with its initial public offering (such offering, the “IPO” and such account, the “Trust Account”) an aggregate amount of $199,632.0170 (the “Extension Payment”), or $0.10 per outstanding Class A Ordinary Share included in the units sold as part of the IPO (the “Public Shares”). The Extension Payment was funded by an unrelated third party pursuant to an agreement with ALSP Orchid Sponsor LLC, the Company’s sponsor, and no financial obligation accrued to the Company as a result of the Extension or the Extension Payment.

~~Item~~The ~~2.03~~Extension ~~Creation~~is the first of atwo ~~Direct~~three-month ~~Financial~~extensions ~~Obligation~~permitted orunder anthe ~~Obligation~~Company’s ~~under~~second amended and restated memorandum and articles of association (the “A&R Memorandum and Articles”) adopted by the Company’s shareholders at the Company’s extraordinary general meeting held on February 17, 2023. Pursuant to the A&R Memorandum and Articles, the Company may extend the Business Combination Period in up to two separate instances, by an ~~Off~~additional three months each, by depositing into the Trust Account for any three-~~Balance~~month ~~Sheet~~extension ~~Arrangement~~an ofamount ~~Registrant~~equal to $0.10 per Public Share.

OnThe Extension extends the date by which the Company must complete an initial business combination from August 1123, 2023 to November 23, ~~ALSP~~2023. ~~Orchid~~The ~~Acquisition~~Company ~~Corporation~~may I,further aextend ~~Cayman~~the ~~Islands~~expiration ~~exempted~~date ~~company~~of (the ~~“Company”)~~Business ~~issued~~Combination anPeriod ~~unsecured~~by ~~promissory~~an ~~note~~additional ~~(the~~three ~~“Note”)~~months inby ~~the~~making ~~principal~~another ~~amount~~Extension ~~of $350~~Payment,~~000~~ toand ~~ALSP~~such ~~Orchid~~date ~~Sponsor~~will ~~LLC,~~also aautomatically ~~Delaware~~be ~~limited~~extended ~~liability~~by ~~company~~three (months if the ~~“Sponsor”),~~Company ~~which~~files ~~was~~a ~~funded~~Form 8-K including ina ~~full~~definitive bymerger ~~the~~or ~~Sponsor~~acquisition ~~upon~~agreement ~~execution~~for ofan ~~the~~initial ~~Note~~business combination.

The Note bears interest at a rate of 4.74% per annum, computed on the basis of a 365-day year, compounded semi-annually. The principal balance of the Note, and any accrued interest thereon, will be payable on the earliest to occur of (i) the date on which the Company consummates an initial business combination or (ii) the date that the winding up of the Company is effective (such date, the “Maturity Date”). The Note is subject to customary events of default, the occurrence of certain of which automatically triggers the unpaid principal balance of the Note, any accrued interest thereon and all other sums payable with regard to the Note becoming immediately due and payable.

The issuance of the Note was made pursuant to the exemption from registration contained in Section 4(a)(2) of the Securities Act of 1933, as amended.

The foregoing description of the Note is qualified in its entirety by reference to the full text of the Note, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits.

Exhibit Number		Description
10.1		Promissory Note dated August 11, 2023, issued in favor of ALSP Orchid Sponsor LLC.
104		Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURE

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.

Dated: August 1122, 2023


ALSP ORCHID ACQUISITION CORPORATION I

By:		/s/ Thong Q. Le
Name:		Thong Q. Le
Title:		Chief Executive Officer

Filing Compare · ALSP Orchid Acquisition Corp I