Hainan Manaslu Acquisition Corp.: debt financing — Hainan Manaslu SPAC extends business combination deadline to June 14 via $227,700 note from Able View

Hainan Manaslu Acquisition Corp.

Able View deposited $227,700 (~$0.033/share) into trust account to extend deadline by one month.
Extension moves business combination deadline from May 15, 2023 to June 14, 2023.
Company issued unsecured, non-interest-bearing promissory note convertible into units at $10.00 per unit.
Able View may convert note into units identical to IPO units upon closing of a business combination.

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

Hainan Manaslu Acquisition Corp. incurred loan of $227,700 with Able View Inc. at does not bear interest maturing mature upon closing of a business combination by the Company.

Instrument: loan
Principal: $227,700
Counterparty: Able View Inc.
Rate: does not bear interest
Maturity: mature upon closing of a business combination by the Company
Event: incurrence

Exact text from the filing

On May 5, 2023, Hainan Manaslu Acquisition Corp. (the “Company”) issued one unsecured promissory note in an amount of $227,700, to Able View Inc. (“Able View”), in exchange for Able View depositing such amount into the Company’s trust account in order to extend the amount of time it has available to complete a business combination.

View on SEC.gov

Browse all debt financings →

Source: SEC EDGAR

accession 0001213900-23-036894

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.