Item 1.01. Entry into a Material Definitive Agreement.
The information provided in Item 2.03 of this Current Report on Form 8-K is incorporated by reference into this Item 1.01.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
On
The Note bears no interest and the principal balance is payable on the date of
the consummation of the Company's initial business combination (the "Maturity
Date"). On or before the Maturity Date, ASBT has the option to convert all or
any portion of the principal outstanding under the Note into Class A ordinary
shares of the Company ("Working Capital Shares") at a conversion price of
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 herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits Exhibit No. Description 10.1 Promissory Note, datedSeptember 7, 2022 , issued byInnovative International Acquisition Corp. to theAnanda Small Business Trust 104 Cover Page Interactive Data File (embedded with the Inline XBRL document)
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