debt
confidence high
sentiment neutral
materiality 0.45
Spring Valley Acquisition Corp. II: debt financing — Spring Valley Acquisition Corp. II issues up to $1.5M promissory note to sponsor for working capital
Spring Valley Acquisition Corp. II
- Up to $1,500,000 non-interest-bearing unsecured promissory note issued to sponsor Spring Valley Acquisition Sponsor II, LLC.
- Principal due at consummation of initial business combination; sponsor may convert into warrants at $1.00 per warrant.
- Working capital warrants have same terms as private placement warrants from October 2022 IPO.
- Note includes trust account waiver; customary events of default.