SK Growth Opportunities Corp: debt financing — SK Growth Opportunities issues $900,000 convertible promissory note to sponsor

SK Growth Opportunities Corp

Issued up to $900,000 unsecured convertible promissory note to sponsor Auxo Capital Managers LLC.
Note bears no interest, matures upon consummation of initial business combination.
Proceeds will fund operating expenses; repayment limited to funds outside trust account if no deal.
Sponsor may convert principal into warrants at $1.00/warrant or Class A shares at $10.00/share.
Note includes trust waiver: sponsor waives any claim against the trust account.

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

SK Growth Opportunities Corp incurred loan of total principal amount of up to nine hundred thousand dollars ($900,000) with Auxo Capital Managers LLC at does not bear interest maturing upon closing of the Company's initial business combination.

Instrument: loan
Principal: total principal amount of up to nine hundred thousand dollars ($900,000)
Counterparty: Auxo Capital Managers LLC
Rate: does not bear interest
Maturity: upon closing of the Company's initial business combination
Event: incurrence

Exact text from the filing

issued an unsecured convertible promissory note in the total principal amount of up to nine hundred thousand dollars ($900,000)

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Source: SEC EDGAR

accession 0001193125-24-059236

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