ASPAC II issues $500K promissory note to sponsor; director Chan resigns

ASPAC II Acquisition Corp.

Issued $500,000 unsecured promissory note to sponsor A SPAC II (Holdings) Corp on October 17, 2025.
Note non-interest bearing, due at business combination; convertible into warrants at $1.00 per warrant.
Proceeds to be used for working capital and company expenses.
Director Ka Wo Chan resigned effective October 17, 2025, with no disagreement with the company or board.

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