Nubia Brand International issues up to $90K promissory note, convertible at $10/sh, with bonus shares

Solidion Technology Inc.

Unsecured, non-interest bearing note from BT Family Officer 1941 LLC for up to $90,000.
Principal due upon closing of a business combination or liquidation; may be prepaid without penalty.
Holder may convert unpaid principal into Class A common stock at $10.00 per share upon business combination.
Upon business combination, company shall issue up to 90,000 bonus shares to holder for no additional consideration.
Note proceeds to be used for working capital; drawn in increments of at least $10,000.

item 1.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Solidion Technology Inc. entered into Note with BT Family Officer 1941 LLC valued at $90,000 (effective 2023-11-16).

Action: entry
Counterparty: BT Family Officer 1941 LLC
Value: $90,000
Effective: 2023-11-16

Exact text from the filing

On November 16, 2023, Nubia Brand International Corp. (the “ Company ”) issued an unsecured, non-interest bearing promissory note (the “ Note ”) to BT Family Officer 1941 LLC in the aggregate principal amount of $90 ,000.

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Source: SEC EDGAR

accession 0001213900-23-089308

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