Ribbon Acquisition Corp issues $600K promissory note to sponsor shareholder

Ribbon Acquisition Corp.

Principal of $600,000, non-interest bearing, payable upon completion of initial business combination.
Payee (Ribbon Investment Company Ltd) waives any claim against trust account; no repayment from trust.
If no business combination, note repaid only from funds outside trust account, otherwise forgiven.
Note may be prepaid at any time without penalty.

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

Ribbon Acquisition Corp. entered into Note with Ribbon Investment Company Ltd valued at $600,000 (effective 2026-03-07).

Action: entry
Agreement: notes offering
Counterparty: Ribbon Investment Company Ltd
Value: $600,000
Effective: 2026-03-07

Exact text from the filing

On March 7, 2026, Ribbon Acquisition Corp. (the “Company”) issued a promissory note (the “Note”) in the principal amount of $600,000 to Ribbon Investment Company Ltd, a shareholder of the Company’s sponsor (the “Payee”).

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Ribbon Acquisition Corp. filing history →

Source: SEC EDGAR

accession 0001213900-26-025180

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