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

Hainan Manaslu Acquisition Corp.

Able View deposited $227,700 (~$0.033 per public share) into trust to extend business combination deadline by one month.
Deadline extended from August 15, 2023 to September 14, 2023.
Company issued unsecured promissory note for $227,700, convertible into units at $10/unit upon 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 0.95

Hainan Manaslu Acquisition Corp. incurred loan of $227,700 with Able View Inc. maturing upon closing of a business combination by the Company.

Instrument: loan
Principal: $227,700
Counterparty: Able View Inc.
Maturity: upon closing of a business combination by the Company
Event: incurrence

Exact text from the filing

On August 11, 2023, Hainan Manaslu Acquisition Corp. (the “Company”) issued one unsecured promissory note in an amount of $227,700 (the “Note”), to Able View Inc., in exchange for Able View Inc. 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 0001213900-23-066215

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