Loan & DebtNov 2, 2026, 08:46 AM
Black Spade Acquisition III Co Issues $200,000 Unsecured Promissory Note
AI Summary
Black Spade Acquisition III Co has entered into a material definitive agreement by issuing an unsecured promissory note of up to $200,000 to Black Spade Sponsor LLC III. The funds are intended to cover expenses related to the company's upcoming business combination. The note is non-interest bearing and matures on March 31, 2027, or upon the completion of the business combination, whichever comes first. The company retains the option to prepay the principal balance without penalty.
Key Highlights
- Black Spade Acquisition III Co issued an unsecured promissory note up to $200,000 to Black Spade Sponsor LLC III.
- Proceeds will be used for costs and expenses related to the Company's proposed business combination.
- The note bears no interest and is payable in full by March 31, 2027, or upon consummation of the business combination.
- The principal balance may be prepaid at any time without penalty.
Price Impact
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