debt
confidence high
sentiment neutral
materiality 0.30
ASPAC II Acquisition Corp. issues $160K promissory note to sponsor for working capital
ASPAC II Acquisition Corp.
- $160,000 unsecured promissory note issued to sponsor A SPAC II (Holdings) Corp.
- Note payable upon business combination; convertible into warrants at $1.00 per warrant.
- No interest accrues on the note.
- Proceeds used for working capital and expenses.