USHG ACQUISITION CORP. USHG Acquisition Corp. announced that it has entered into security purchase agreement for the issuance of unsecured convertible unsecured promissory note in the principal amount of $500,000 on March 29, 2022. The transaction included participation from Green Equity Investors VI, L.P. for $156,642, Green Equity Investors Side VI, L.P. for $93,358, a fund managed by Leonard Green & Partners, L.P. and Daniel H. Meyer Investment Trust for $250,000, overall affiliates of USHG Investments, LLC.
The note does not bear interest and is repayable in full upon consummation of the company's initial business combination. The note is convertible into warrant, a price of $1.50 per warrant. The note was issued pursuant to the exemption from registration contained in Section 4(a)(2) of the Securities Act of 1933, as amended.
