Gardiner Healthcare Acquisitions Corp.: debt financing — Gardiner Healthcare issues up to $563,549 in promissory notes for working capital

Gardiner Healthcare Acquisitions Corp.

On March 23-24, 2023, issued convertible notes to Moss Ridge PTY LTD ($534,723) and Anthony Julien ($14,636).
Also issued $14,190 promissory note to affiliate Gardiner Warrant Holdings LLC on March 24, 2023.
All notes due on earlier of June 27, 2023 or consummation of initial business combination.
Convertible notes may be converted into warrants at $1.00 per warrant, exercisable at $11.50 per share.
Sponsors entered into Sponsor Support Agreement to assign shares to lenders as inducement.

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

Gardiner Healthcare Acquisitions Corp. incurred loan of up to $14,190.00 with Gardiner Warrant Holdings LLC maturing earlier of (i) the Maturity Date and (ii) the date on which the Company consummates a Business Combination.

Instrument: loan
Principal: up to $14,190.00
Counterparty: Gardiner Warrant Holdings LLC
Maturity: earlier of (i) the Maturity Date and (ii) the date on which the Company consummates a Business Combination
Event: incurrence

Exact text from the filing

On March 24, 2023, the Company also issued an unsecured promissory note (the “ Promissory Note ”) to Gardiner Warrant Holdings LLC, an affiliate of the Company, pursuant to which the Company is entitled to borrow an aggregate of up to $14,190.00

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

Gardiner Healthcare Acquisitions Corp. incurred convertible notes of up to $534,723.35 with Moss Ridge PTY LTD maturing earlier of (i) June 27, 2023 and (ii) the date on which the Company consummates an initial business combination.

Instrument: convertible notes
Principal: up to $534,723.35
Counterparty: Moss Ridge PTY LTD
Maturity: earlier of (i) June 27, 2023 and (ii) the date on which the Company consummates an initial business combination
Event: incurrence

Exact text from the filing

(the “ Business Combination ”). The Convertible Note entered into by the Company on March 23, 2023 was issued to Moss Ridge PTY LTD (“ Moss Ridge ”) for a principal sum of up to $534,723.35 and the Convertible Note entered into by the Company on March 24, 2023 was issued to Anthony Julien (“ Julien ” and, together with Moss Ridge, each a “ Payee ” and, collectively,

View on SEC.gov

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

Gardiner Healthcare Acquisitions Corp. incurred convertible notes of up to $14,636 with Anthony Julien maturing earlier of (i) June 27, 2023 and (ii) the date on which the Company consummates an initial business combination.

Instrument: convertible notes
Principal: up to $14,636
Counterparty: Anthony Julien
Maturity: earlier of (i) June 27, 2023 and (ii) the date on which the Company consummates an initial business combination
Event: incurrence

Exact text from the filing

the Convertible Note entered into by the Company on March 24, 2023 was issued to Anthony Julien (“ Julien ” and, together with Moss Ridge, each a “ Payee ” and, collectively, the “ Payees ”) for a principal sum of up to $14,636

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Source: SEC EDGAR

accession 0001104659-23-038409

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