Item 1.01 Entry into a Material Definitive Agreement.
Promissory Note
On
If the Company consummates an Initial Business Combination, it will repay the
loans out of the proceeds of the trust account for its public stockholders (the
"Trust Account") or, at the option of the Sponsor, convert all or a portion of
the loans into warrants for
The issuance of the Note was made pursuant to the exemption from registration contained in Section 4(a)(2) of the Securities Act of 1933, as amended.
The foregoing description of the Note is qualified in its entirety by reference to the full text of the Note, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K, and incorporated by reference herein.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an
Off-Balance Sheet Arrangement of a Registrant.
The disclosure set forth in Item 1.01 of this Current Report on Form 8-K with respect to the Note is incorporated by reference in this Item 2.03.
Item 3.02 Unregistered Sales of
The disclosure set forth in Item 1.01 of this Current Report on Form 8-K with respect to the Note is incorporated by reference in this Item 3.02.
Item 8.01 Other Events.
On
A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits Exhibit No. Description 10.1 Promissory Note, datedJune 16, 2023 , issued to the Sponsor by the Company. 99.1 Press Release, datedJune 19, 2023 . 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
--------------------------------------------------------------------------------
© Edgar Online, source