Business UpdateApr 27, 2026, 04:34 PM
CHAR Extends Business Combination Deadline to July 25, 2026
AI Summary
Charlton Aria Acquisition Corp (CHAR) announced an extension of its deadline to complete an initial business combination until July 25, 2026. This extension was facilitated by ST Sponsor II Limited depositing $850,000 into the trust account. In connection with this, the Company issued an unsecured promissory note for $850,000 to the Sponsor, which does not bear interest except for overdue amounts.
Key Highlights
- Charlton Aria Acquisition Corp (CHAR) extended its deadline to complete an initial business combination to July 25, 2026.
- ST Sponsor II Limited (the Sponsor) deposited $850,000 into the trust account to facilitate the extension.
- The original deadline for the business combination was April 25, 2026.
- The company can extend the period two times by three months each, for an aggregate of up to $1,700,000.
- An unsecured promissory note for $850,000 was issued to the Sponsor in connection with the extension.
- The Extension Note does not bear interest, except for default interest on overdue amounts.
Price Impact
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