OSR Holdings, Inc. (OSRH): debt financing — Bellevue Life Sciences Acquisition Corp. issues $60K promissory note to Josh Pan for business combination extension

OSR Holdings, Inc.

On March 8, 2024, Bellevue Life Sciences issued a $60,000 unsecured promissory note to Josh Pan, member of sponsor Bellevue Capital Management, LLC.
Note is non-interest bearing, due August 8, 2024 or upon consummation of an initial business combination, with principal forgiven if no deal occurs.
On March 12, 2024, $60,000 deposited into trust account to extend business combination deadline from March 14, 2024 to April 15, 2024.
Event of default includes payment failure within five business days of maturity or bankruptcy proceedings.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

OSR Holdings, Inc. incurred loan of $60,000 with Josh Pan at not interest bearing maturing earlier of: (i) August 8, 2024 or (ii) the date on which the Company consummates an initial business combination.

Instrument: loan
Principal: $60,000
Counterparty: Josh Pan
Rate: not interest bearing
Maturity: earlier of: (i) August 8, 2024 or (ii) the date on which the Company consummates an initial business combination
Event: incurrence

Exact text from the filing

On March 8, 2024, Bellevue Life Sciences Acquisition Corp. (the “ Company ”) issued an unsecured promissory note (the “ Promissory Note ”) in the principal amount of $60,000 to Josh Pan

View on SEC.gov

310 debt financings filed in the last 30 days. Browse all debt financings →

OSR Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0000898432-24-000224

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.