Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Osiris Acquisition Corp. incurred loan of $500,000 with Osiris Sponsor LLC at 0.96% per annum maturing payable on the earlier of an initial business combination or the liquidation of the Company.
- Instrument
- loan
- Principal
- $500,000
- Counterparty
- Osiris Sponsor LLC
- Rate
- 0.96% per annum
- Maturity
- payable on the earlier of an initial business combination or the liquidation of the Company
- Event
- incurrence
Exact text from the filing
On July 13, 2023, Osiris Acquisition Corp. (the “Company”) effected a drawdown of $500,000 under the unsecured promissory note (the “Promissory Note”), as amended by Amendment No. 1 to Promissory Note, dated April 24, 2023 ( “Amendment No. 1”), in the principal amount up to $3,000,000 to Osiris Sponsor LLC, a Delaware limited liability company (the “Sponsor”), pursuant to which the Sponsor agreed to loan to the Company up to $3,000,000. The aggregate principal amount outstanding under the Promissory Note is now $3,000,000. The Promissory Note bears interest at a rate of 0.96% per annum and is payable on the earlier of an initial business combination or the liquidation of the Company.
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