Drugs Made In America Acquisition II Corp. (DMII): debt financing — Drugs Made In America Acquisition II Corp. issues $150K convertible bridge note as part of $1.4M financing
Drugs Made In America Acquisition II Corp.
- On March 11, 2026, Company issued a $150,000 unsecured convertible bridge note to Alpha Multi Family Office (Investor).
- The bridge note is part of a larger $1,400,000 convertible notes financing under a Letter of Intent dated March 5, 2026 and an addendum dated March 9, 2026.
- The note matures nine months from issuance, bears no interest, and is convertible at a 35% discount to market price upon a business combination.
- The Company plans to use proceeds for accounting, audit, and other expenses related to the business combination.
- The LOI originally contemplated $1,500,000 but was reduced to $1,400,000 after $100,000 in advisor fees.