debt
confidence high
sentiment neutral
materiality 0.30
Stellar V Capital issues $200K unsecured promissory note to entity controlled by co-CEOs
Stellar V Capital Corp. (Cayman Islands)
- Note for $200,000 issued on June 17, 2026 to Nautilus Energy Management Corp., controlled by co-CEOs Tsirigakis and Syllantavos.
- Note bears no interest and is repayable in full upon consummation of a business combination.
- Payee may convert note at $10.00 per unit into units identical to those in IPO private placement, up to 20,000 units.
- Conversion requires written notice at least one business day before business combination close.
- Payee waives all claims against the SPAC trust account; repayment only from funds outside trust if no deal closes.