Gardiner Healthcare Acquisitions Corp.: debt financing — Gardiner Healthcare ups sponsor loan to $2.5M, extends maturity to Dec 27, 2023

Gardiner Healthcare Acquisitions Corp.

Fourth Amended & Restated Promissory Note increased principal from $1.5M to up to $2.5M, non-interest bearing.
Maturity extended to December 27, 2023; may be further extended if stockholders approve charter amendment.
Loan from sponsor Gardiner Healthcare Holdings, LLC; proceeds for working capital and business combination costs.
Note replaces Third Amended & Restated Promissory Note dated Dec 7, 2022; Payee waived claims against trust account.
Drawdowns minimum $10,000; total not to exceed $2.5M; due earlier of maturity date or business combination close.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.95

Gardiner Healthcare Acquisitions Corp. amended loan of increased to $2,500,000 with Gardiner Healthcare Holdings, LLC at non-interest bearing maturing December 27, 2023 (or such later extension date permitted by the Certificate of Incorporation).

Instrument: loan
Principal: increased to $2,500,000
Counterparty: Gardiner Healthcare Holdings, LLC
Rate: non-interest bearing
Maturity: December 27, 2023 (or such later extension date permitted by the Certificate of Incorporation)
Event: amendment

Exact text from the filing

On September 18, 2023, Gardiner Healthcare Acquisitions Corp. (the “ Company ”) issued a Fourth Amended and Restated Promissory Note (the “ Promissory Note ”), in the principal amount of up to $2,500,000, to Gardiner Healthcare Holdings, LLC, a Delaware limited liability company (the “ Lender ”), one of the Company’s sponsors. The Promissory Note amends, restates, replaces and supersedes that certain Third Amended and Restated Promissory Note dated December 7, 2022, as amended, in the principal amount of up to $1,500,000, executed by the Company in favor of the Lender (the “ Existing Note ”). Pursuant to the Promissory Note, the Lender and the Company agreed to increase the aggregate principal amount and extend the maturity date of the Existing Note.

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Source: SEC EDGAR

accession 0001104659-23-102048

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