other_material
confidence high
sentiment neutral
materiality 0.30
ASPAC II Acquisition Corp. issues $152K promissory note to sponsor for working capital
ASPAC II Acquisition Corp.
- Issued unsecured promissory note for $152,000 to sponsor A SPAC II (Holdings) Corp. on July 14, 2025.
- Note is non-interest bearing and payable no later than consummation or termination of initial business combination.
- Sponsor may convert principal into private placement warrants at $1.00 per warrant on same terms as public warrants.
- Proceeds will fund company expenses and working capital; repayment from funds outside trust account.
- Trust waiver included: sponsor has no claim on trust account monies.
item 1.01item 9.01