Estrella Immunopharma, Inc. (ESLA): debt financing — TradeUP Acquisition Corp. issues $50,000 promissory note to founder Tradeup INC.

Estrella Immunopharma, Inc.

Unsecured $50,000 promissory note to founder Tradeup INC. dated July 20, 2023, for working capital.
Non-interest bearing; payable upon business combination or company term expiry, whichever is earlier.
Payee may convert into private shares at $10 per share at least two business days before business combination.
Repayment excludes trust account funds; no claim on trust proceeds if no 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

Estrella Immunopharma, Inc. incurred loan of $50,000 with Tradeup INC. at no interest maturing upon the earlier to occur of (i) the consummation of the Business Combination or (ii) the date of expiry of the term of the Company.

Instrument: loan
Principal: $50,000
Counterparty: Tradeup INC.
Rate: no interest
Maturity: upon the earlier to occur of (i) the consummation of the Business Combination or (ii) the date of expiry of the term of the Company
Event: incurrence

Exact text from the filing

On July 20, 2023, TradeUP Acquisition Corp. (the “Company”) issued an unsecured promissory note (the “Promissory Note”) in the amount of $50,000 to Tradeup INC., one of the founders of the Company.

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Estrella Immunopharma, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-23-058655

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