Plutonian Acquisition Corp.: debt financing — Plutonian Acquisition gets $210k trust deposit to extend business combination deadline to Feb 2024

Plutonian Acquisition Corp.

Big Tree Cloud deposited $210,000 into trust account for a three-month extension to February 15, 2024.
Company issued a non-interest-bearing promissory note of $210,000 to Big Tree Cloud, convertible at $10.00 per unit.
Extension provides additional time to complete a business combination beyond the original November 15, 2023 deadline.
Note is unsecured and matures upon closing of a business combination; convertible into units of common stock, warrants, and rights.

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

Plutonian Acquisition Corp. incurred convertible notes of $210,000 with Big Tree Cloud International Group Limited at does not bear interest maturing mature upon closing of a business combination by the Company.

Instrument: convertible notes
Principal: $210,000
Counterparty: Big Tree Cloud International Group Limited
Rate: does not bear interest
Maturity: mature upon closing of a business combination by the Company
Event: incurrence

Exact text from the filing

On November 9, 2023, Plutonian Acquisition Corp. (the " Company ") issued an unsecured promissory note in the aggregate principal amount of $210,000 (the " Note ") to Big Tree Cloud International Group Limited (" Big Tree Cloud ") in exchange for Big Tree Cloud depositing such amount into the Company’s trust account in order to extend the amount of time it has available to complete a business combination.

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Source: SEC EDGAR

accession 0001213900-23-087244

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