Item 2.03. Creation of a Direct Financial Obligation or an Obligation under
an Off-Balance Sheet Arrangement or a Registrant.
On January 20, 2023, Blockchain Moon Acquisition Corp. ("Blockchain Moon" or the
"Company") elected to exercise a one-month extension of the date by which
Blockchain Moon has to consummate a business combination from January 21, 2023
to February 21, 2023 (the "Extension"). The Extension is the first of six
one-month extensions permitted under the Company's governing documents and
provides the Company with additional time to complete its initial business
combination. On January 20, 2023, the Company issued an unsecured promissory
note in the initial principal amount of $120,000 (the "Note") to Jupiter Sponsor
LLC in connection with the Extension. Pursuant to the Note, the Company may
request an additional aggregate amount of up to $600,000, which may be drawn
down in five equal tranches. The Note does not bear interest and matures upon
closing of the Company's initial business combination. In the event that the
Company does not consummate a business combination, the Note will be repaid only
from amounts remaining outside of the Trust Account, if any. The proceeds of the
Note have been deposited in the Trust Account in connection with the Extension.
The foregoing description of the Note is qualified in its entirety by reference
to the full text of the Note, which is incorporated by reference herein and
filed herewith as Exhibit 10.1.
Item 9.01. Financial Statements and Exhibits
(d)Exhibits
Exhibit No. Description
Promissory Note, dated January 20, 2023, between the Company and the
10.1 Sponsor.
Cover Page Interactive Data File (embedded within the Inline XBRL
104 document)
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