Ribbon Acquisition signs $100M equity line, $1.2M convertible note with Meteora

Ribbon Acquisition Corp.

SEPA: up to $100M common shares over 36 months; commitment fee 1.75% ($1.75M) payable in cash or shares.
Convertible note: $1,212,121 principal, funded at $1,000,000 (17.5% OID), 12-month maturity, 7% payment premium, 18% default interest.
Forward purchase: investor to buy up to 4,100,000 shares at redemption price; prepayment from trust; cash settlement after 6 months.
Subscription agreement: investor may buy additional shares up to 9.9% beneficial ownership; replacement subscriptions allowed.
Registration rights: file resale registration within 30 days of closing; failures trigger 2% monthly liquidated damages (24% cap).

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.