Loan & DebtMay 8, 2026, 06:07 AM
Quetta Acquisition Corp Discharges $1.04M in Promissory Notes
AI Summary
Quetta Acquisition Corporation entered into a Release and Discharge of Promissory Notes with KM Quad on April 30, 2026. Pursuant to this agreement, KM Quad irrevocably released the Company from all obligations arising under three promissory notes totaling $1,040,000. This action confirms that no amounts remain due or payable under these notes, supplementing a prior Termination Agreement from January 15, 2026.
Key Highlights
- Quetta Acquisition Corp discharged $1,040,000 in aggregate principal amount of promissory notes.
- The release was entered into with KM Quad on April 30, 2026.
- Three promissory notes were discharged: $500,000 (Nov 4, 2024), $250,000 (Feb 14, 2025), and $290,000 (Apr 20, 2025).
- KM Quad confirmed that no amounts, including principal, interest, or fees, remain due or payable.
- The Release supplements a Termination Agreement previously entered into by the parties on January 15, 2026.
Price Impact
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