---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-025463"
form_type: "8-K"
ticker: null
cik: "0001807594"
company_name: "Malacca Straits Acquisition Co Ltd"
filed_at: "2023-03-31T23:59:59+00:00"
generated_at: "2026-06-17T08:14:43.546014+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# Malacca Straits obtains up to $1M promissory note from sponsor for business combination costs

## Summary
- Note of up to $1,000,000 issued to Malacca Straits Management Company Limited (sponsor).
- Non-interest bearing, payable upon business combination or liquidation of the SPAC.
- Proceeds to be used for costs related to initial business combination and general working capital.
- Payee waives any claim against the trust account established in the IPO.

## SEC filing metadata
- accession: 0001213900-23-025463
- form_type: 8-K
- cik: 0001807594
- company_name: Malacca Straits Acquisition Co Ltd
- filed_at: 2023-03-31T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1807594/000121390023025463/0001213900-23-025463-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1807594/000121390023025463/ea176226-8k_malacca.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-025463
- JSON: https://secwatch.observer/filing/0001213900-23-025463.json
- Plain text: https://secwatch.observer/filing/0001213900-23-025463.txt

## Key facts
- Debt Financings
  Malacca Straits Acquisition Co Ltd incurred loan of up to $1,000,000 with Malacca Straits Management Company Limited at non-interest bearing maturing on the earlier of (i) the date on which the Business Combination is consummated and (ii) the date of the liquidation of the Company.
  - Instrument: loan
  - Principal: up to $1,000,000
  - Counterparty: Malacca Straits Management Company Limited
  - Rate: non-interest bearing
  - Maturity: on the earlier of (i) the date on which the Business Combination is consummated and (ii) the date of the liquidation of the Company
  - Event: incurrence
  source text: Malacca Straits Acquisition Company Limited, a Cayman Islands exempted company (the “ Company ”), issued an unsecured promissory note (the “ Note ”), dated March 31, 2023, in the amount of up to $1,000,000 to Malacca Straits Management Company Limited.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1807594/000121390023025463/0001213900-23-025463-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.