debt
confidence high
sentiment neutral
materiality 0.25
Bellevue Life Sciences issues $40K note to director; deposits $50K to extend business combination
OSR Holdings, Inc.
- Issued $40,000 unsecured, interest-free promissory note to board member Jun Chul Whang, due Nov 9, 2024 or earlier upon business combination or additional working capital.
- Principal will be forgiven if no business combination consummated by extended deadline, except for funds held outside trust account.
- Deposited $50,000 into trust account on Oct 11, 2024 to further extend the deadline for completing a business combination.