Healthcare AI Acquisition Corp.: debt financing — Healthcare AI Acquisition Corp. issues $30.5K promissory note to Leading Group for working capital

Healthcare AI Acquisition Corp.

Unsecured promissory note issued August 19, 2025 for $30,502.20.
Lender is Leading Group Limited; loan is for working capital purposes.
Note bears no interest; principal due at closing of business combination, termination, or liquidation by October 14, 2025.
Payee waives recourse against the trust account, a standard SPAC provision.
Previously disclosed business combination agreement with Leading Partners Limited and Leading Group remains pending.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.95

Healthcare AI Acquisition Corp. incurred loan of $30,502.20 with Leading Group Limited at 0% maturing upon the closing of the Business Combination.

Instrument: loan
Principal: $30,502.20
Counterparty: Leading Group Limited
Rate: 0%
Maturity: upon the closing of the Business Combination
Event: incurrence

Exact text from the filing

On August 19, 2025, Healthcare AI Acquisition Corp. (the “ Company ”) issued an unsecured promissory note (the “ Note ”) to Leading Group Limited, a Cayman Islands exempted company with limited liability (“ Leading Group ”), for a loan to the Company in an amount of $30,502.20 for working capital purposes. As previously reported on August 15, 2024, the Company entered into a business combination agreement with Leading Partners Limited, a Cayman Islands exempted company with limited liability, and Leading Group for purposes of completing a business combination (“ Business Combination ”). The Note does not bear interest and matures upon the closing of the Business Combination, payable in cash. In the event of a liquidation, all amounts due under the Note shall be repaid in cash.

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Source: SEC EDGAR

accession 0001477932-25-006125

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