Spring Valley Acquisition Corp. III issues up to $1.5M promissory note to sponsor for working capital

Spring Valley Acquisition Corp. III

Unsecured note from sponsor Spring Valley Acquisition Sponsor III, LLC, up to $1.5M principal.
Note bears no interest; principal due upon initial business combination (Maturity Date).
Sponsor may convert outstanding principal into working capital warrants at $0.90 per warrant.
Working capital warrants have same terms as IPO private placement warrants, subject to transfer restrictions.
Note proceeds to be used for working capital prior to business combination; trust account claims waived.

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