debt
confidence high
sentiment neutral
materiality 0.30
Charlton Aria issues $500K working capital promissory note to sponsor ST Sponsor II
Charlton Aria Acquisition Corp
- On Aug 25, 2026, issued unsecured note to ST Sponsor II Limited for up to US$500,000 in working capital loans.
- Note bears no interest except default interest at prevailing short-term U.S. Treasury Bill rate on overdue amounts.
- Payable upon earlier of initial business combination consummation or liquidation; convertible into private units at $10.00/unit.
- Conversion capped at $3,000,000 aggregate per prospectus; issued under Section 4(a)(2) exemption.
- Sponsor waives claims to trust account funds; repayment only from non-trust assets if no business combination.