Corporate ActionAug 5, 2026, 08:38 AM
Charlton Aria extends business combination deadline to Oct 25, 2026
AI Summary
Charlton Aria Acquisition Corp's sponsor, ST Sponsor II Limited, deposited $850,000 into the trust account for a second three-month extension. This action extends the deadline for the company to complete its initial business combination from July 25, 2026, to October 25, 2026. In connection with this extension, the company issued an $850,000 unsecured promissory note to the sponsor, which is convertible into private units.
Key Highlights
- Sponsor deposited $850,000 for the second three-month extension.
- Business combination deadline extended from July 25, 2026, to October 25, 2026.
- Company issued an $850,000 unsecured promissory note to the Sponsor.
- The note is convertible into private units at $10.00 per unit.
- This is the second of two possible three-month extensions, each costing $850,000.
Price Impact
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