Hainan Manaslu Acquisition Corp.: debt financing — Hainan Manaslu extends business combination deadline to July 14, 2023 via $227,700 deposit

Hainan Manaslu Acquisition Corp.

Able View Inc. deposited $227,700 (~$0.033 per share) into trust to extend deadline from June 15 to July 14, 2023.
Company issued unsecured, non-interest-bearing promissory note convertible into units at $10/unit upon business combination.
Extension provides one additional month for SPAC to complete 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 convertible notes of $227,700 with Able View Inc. at does not bear interest maturing upon closing of a business combination.

Instrument: convertible notes
Principal: $227,700
Counterparty: Able View Inc.
Rate: does not bear interest
Maturity: upon closing of a business combination
Event: incurrence

Exact text from the filing

On June 9, 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 further extend the amount of time it has available to complete a business combination. The Note does not bear interest and mature upon closing of a business combination by the Company.

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Source: SEC EDGAR

accession 0001213900-23-047758

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