Hainan Manaslu Acquisition Corp.: debt financing — Hainan Manaslu SPAC extends business combination deadline to Aug 14 with $227,700 trust deposit

Hainan Manaslu Acquisition Corp.

Able View deposits $227,700 into trust account to extend deadline by one month to August 14, 2023.
Company issues unsecured promissory note to Able View, convertible into units at $10/unit, bearing no interest.
Promissory note matures upon closing of a business combination; extension avoids immediate liquidation.
Company continues to seek a business combination, focusing on non-VIE China operations.

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 July 10, 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.

View on SEC.gov

Browse all debt financings →

Source: SEC EDGAR

accession 0001213900-23-055762

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.