debt
confidence high
sentiment neutral
materiality 0.30
Nubia Brand International issues up to $250K promissory note to BKL Global Solutions
Solidion Technology Inc.
- Unsecured, non-interest bearing note; principal due at closing of business combination or liquidation.
- Payee may convert unpaid principal into Class A common stock at $10.00 per share upon DeSPAC.
- Upon business combination, issuer will issue up to 250,000 bonus shares of Class A common stock pro rata to draws.
- Funds drawn for working capital; drawdowns minimum $10,000 each, maximum aggregate $250,000.