Plutonian Acquisition Corp.: debt financing — Plutonian Acquisition extends business combination deadline to Aug 15 with $210K deposit

Plutonian Acquisition Corp.

Big Tree Cloud deposited $210,000 into trust account to extend deadline by three months.
Deadline extended from May 15, 2024 to August 15, 2024.
Company issued a non-interest-bearing promissory note convertible at $10.00 per unit.
Note is convertible into shares of common stock, one warrant, and one right per unit at closing of business combination.
Extension provides additional time to complete a 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

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

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

Exact text from the filing

On May 15, 2024, 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. 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 0001213900-24-043161

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