CORNER GROWTH ACQUISITION CORP. 2: debt financing — Corner Growth Acquisition Corp. 2 obtains $1M convertible working capital loan from Connor Square

CORNER GROWTH ACQUISITION CORP. 2

Loan of up to $1,000,000 from Connor Square, LLC for working capital, evidenced by a promissory note dated August 14, 2025.
Loan is non-interest bearing and payable upon consummation of a business combination; if no deal, forgiven unless funds outside trust.
Upon business combination, lender can convert principal into warrants at $1.50 per share, identical to private placement warrants from IPO.
The loan provides additional working capital while the SPAC seeks a business combination target.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

CORNER GROWTH ACQUISITION CORP. 2 incurred loan of $1,000,000 with Connor Square, LLC at No interest shall accrue on the unpaid principal balance of this Note. maturing June 30, 2026.

Instrument: loan
Principal: $1,000,000
Counterparty: Connor Square, LLC
Rate: No interest shall accrue on the unpaid principal balance of this Note.
Maturity: June 30, 2026
Event: incurrence

Exact text from the filing

2 (“ Maker ”) promises to pay to the order of Connor Square, LLC or its successors or assigns (“ Holder ”) the principal sum of up to One Million Dollars and No Cents ($1,000,000) or such lesser amount as shall have been loaned by Holder to Maker in lawful money of the United States of America, on the terms and conditions described below.

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Source: SEC EDGAR

accession 0001477932-25-005949

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