Qomolangma Acquisition Corp.: debt financing — Qomolangma Acquisition Corp. issues $240k promissory note to sponsor for trust extension

Qomolangma Acquisition Corp.

Issued $240,000 unsecured promissory note to sponsor Qomolangma Investments LLC on June 26, 2023.
Note bears no interest, due upon earlier of business combination or June 29, 2023 (extendable).
Proceeds will partially fund trust account extension and provide working capital for the company.
Sponsor waives any and all claims against the trust account established with IPO proceeds.

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

Qomolangma Acquisition Corp. incurred loan of $240,000 with Qomolangma Investments LLC (the "Sponsor") at bears no interest maturing upon the consummation of the Company’s business combination.

Instrument: loan
Principal: $240,000
Counterparty: Qomolangma Investments LLC (the "Sponsor")
Rate: bears no interest
Maturity: upon the consummation of the Company’s business combination
Event: incurrence

Exact text from the filing

On June 26, 2023, Qomolangma Acquisition Corp., a Delaware corporation (the “Company”), issued an unsecured promissory note (a “Working Capital Note”) in the principal amount of $240,000 to Qomolangma Investments LLC, a Delaware limited liability company (the “Sponsor”).

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Source: SEC EDGAR

accession 0001213900-23-053385

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