Cartica Acquisition Corp: debt financing — Cartica Acquisition Corp issues $161.8K promissory note to sponsor for second three-month extension

Cartica Acquisition Corp

Second Extension Note for up to $161,771.52 issued to sponsor Cartica Acquisition Partners, LLC on April 1, 2025.
Note funds three monthly deposits of $53,923.84 into Trust Account starting April 4, 2025 through July 7, 2025.
Extension moves termination date from January 7, 2025 to October 7, 2025, approved at Jan 3, 2025 shareholder meeting.
Note bears no interest, is due upon consummation of initial business combination or liquidation of the SPAC.
First $53,923.84 installment deposited into Trust Account on April 4, 2025.

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

Cartica Acquisition Corp incurred loan of $161,771.52 with Cartica Acquisition Partners, LLC at no interest maturing earlier of the date of the consummation of the Company's initial business combination and the date of the liquidation of the Company.

Instrument: loan
Principal: $161,771.52
Counterparty: Cartica Acquisition Partners, LLC
Rate: no interest
Maturity: earlier of the date of the consummation of the Company's initial business combination and the date of the liquidation of the Company
Event: incurrence

Exact text from the filing

On April 1, 2025, the Company issued a second promissory note (the "Second Extension Note") in the principal amount of up to $161,771.52 to the Sponsor for the second three months of the Extension

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Source: SEC EDGAR

accession 0001104659-25-032653

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