Avista Public Acquisition Corp. II issues up to $750K promissory note to sponsor for working capital

OmniAb, Inc.

Unsecured note of up to $750,000 issued on March 14, 2022 to sponsor Avista Acquisition LP II.
Note bears no interest; repayable upon earlier of business combination or winding up of the SPAC.
Sponsor may convert all or part of note into warrants at $1.50 per warrant, identical to private placement warrants.
Proceeds used for working capital needs of the blank-check company.

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