Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Integrated Wellness Acquisition Corp incurred loan of $1.15 million with IWH Sponsor LP at no interest maturing due and payable upon the earlier of the consummation of the Company's initial business combination or liquidation on or before June 13, 2023 (unless extended to.
- Instrument
- loan
- Principal
- $1.15 million
- Counterparty
- IWH Sponsor LP
- Rate
- no interest
- Maturity
- due and payable upon the earlier of the consummation of the Company's initial business combination or liquidation on or before June 13, 2023 (unless extended to
- Event
- incurrence
Exact text from the filing
On March 13, 2023, Integrated Wellness Acquisition Corp. (the “ Company ”) issued a promissory note (the “ Note ”) in the principal amount of $1.15 million (the “ Extension Payment ”) to IWH Sponsor LP (the “ Sponsor ”) in connection with the Extension (as defined below). The Note bears no interest and is due and payable upon the earlier to occur of (i) the date on which the Company’s initial business combination is consummated and (ii) the liquidation of the Company on or before June 13, 2023 (unless extended to September 13, 2023) or such later liquidation date as may be approved by the Company’s stockholders.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Integrated Wellness Acquisition Corp entered into Note with IWH Sponsor LP valued at $1.15 million (effective 2023-03-13).
- Action
- entry
- Agreement
- notes offering
- Counterparty
- IWH Sponsor LP
- Value
- $1.15 million
- Effective
- 2023-03-13
Exact text from the filing
On March 13, 2023, Integrated Wellness Acquisition Corp. (the “ Company ”) issued a promissory note (the “ Note ”) in the principal amount of $1.15 million (the “ Extension Payment ”) to IWH Sponsor LP (the “ Sponsor ”) in connection with the Extension (as defined below).
View on SEC.gov