other material
confidence high
sentiment neutral
materiality 0.55
Bellevue Life Sciences SPAC extends deadline with $50K trust deposit; gets $300K sponsor loan
OSR Holdings, Inc.
- Issued $300,000 unsecured, non-interest bearing promissory note to sponsor Bellevue Global Life Sciences Investors LLC.
- Note payable by Dec 31, 2024 or upon business combination; forgiven if no deal consummated, except trust funds.
- Deposited $50,000 into trust account on July 12, 2024 to extend deadline for initial business combination.
- SPAC has until extension deadline to complete a deal or risk liquidation.