---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-005009"
form_type: "8-K"
ticker: "JWSMF"
cik: "0001831359"
company_name: "Jaws Mustang Acquisition Corp"
filed_at: "2023-01-19T23:59:59+00:00"
generated_at: "2026-06-20T13:15:02.699512+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# JAWS Mustang issues up to $500K promissory note to sponsor for working capital

## Summary
- Note of up to $500,000 issued to Mustang Sponsor LLC, bearing no interest.
- Principal due upon consummation of a business combination; repaid from trust only if no deal closes.
- Sponsor may convert unpaid balance into warrants at $2.00 per warrant, identical to private placement warrants.
- Issuance exempt from registration under Section 4(a)(2) of the Securities Act.

## SEC filing metadata
- accession: 0001104659-23-005009
- form_type: 8-K
- ticker: JWSMF
- cik: 0001831359
- company_name: Jaws Mustang Acquisition Corp
- filed_at: 2023-01-19T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1831359/000110465923005009/0001104659-23-005009-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1831359/000110465923005009/tm233749d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-005009
- JSON: https://secwatch.observer/filing/0001104659-23-005009.json
- Plain text: https://secwatch.observer/filing/0001104659-23-005009.txt

## Key facts
- Debt Financings
  Jaws Mustang Acquisition Corp incurred loan of up to $500,000 with Mustang Sponsor LLC at bears no interest maturing upon the consummation of the Company’s initial merger, share exchange, asset acquisition, share purchase, reorganisation or similar business combination.
  - Instrument: loan
  - Principal: up to $500,000
  - Counterparty: Mustang Sponsor LLC
  - Rate: bears no interest
  - Maturity: upon the consummation of the Company’s initial merger, share exchange, asset acquisition, share purchase, reorganisation or similar business combination
  - Event: incurrence
  source text: On January 19, 2023, JAWS Mustang Acquisition Corporation (the “Company”) issued a promissory note (the “Note”) in the principal amount of up to $500,000 to Mustang Sponsor LLC (the “Payee”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1831359/000110465923005009/0001104659-23-005009-index.htm
- Material Agreements
  Jaws Mustang Acquisition Corp entered into Note with Mustang Sponsor LLC valued at up to $500,000 (effective 2023-01-19).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Mustang Sponsor LLC
  - Value: up to $500,000
  - Effective: 2023-01-19
  source text: On January 19, 2023, JAWS Mustang Acquisition Corporation (the “Company”) issued a promissory note (the “Note”) in the principal amount of up to $500,000 to Mustang Sponsor LLC (the “Payee”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1831359/000110465923005009/0001104659-23-005009-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.