debtconfidence high
Columbus Acquisition Corp issues $100K promissory note to WISeSat.Space to extend business combination deadline
Columbus Acquisition Corp/Cayman Islands
- Unsecured promissory note of $100,000 issued to WISeSat.Space Corp. to fund four Monthly Extension Fees of $25,000 each.
- Note bears no interest; principal due at earliest of BCA termination, business combination close, or winding up.
- Payee may convert unpaid balance into private units at $10/unit before the business combination closes.
- If BCA terminated by Maker and a different business combination closes, Payee can elect cash repayment or conversion into post-close shares at $5/share.
- Issuance exempt from registration under Section 4(a)(2) of Securities Act.
item 1.01item 2.03item 3.02item 9.01
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