Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
As previously disclosed, on
The Promissory Note does not bear any interest. If the Company completes an
initial business combination, the Company would repay outstanding loaned amounts
under the Promissory Note. In the event that the Company is unable to complete
an initial business combination, the Company may use a portion of the working
capital held outside its trust account to repay such loaned amounts but no
proceeds from its trust account would be used for such repayment. The loans are
convertible into units of the Company, at a price of
The foregoing summary of the Promissory Note is qualified in its entirety by
reference to the text of the Promissory Note, which was filed as Exhibit 10.1 to
the Company's Current Report on Form 8-K on
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