debt
confidence high
sentiment neutral
materiality 0.25
8i Acquisition 2 Corp. issues $200K promissory note to CEO, convertible at $10/unit
EUDA Health Holdings Ltd
- Issued unsecured promissory note for $200,000 to CEO and Chairman Tan Meng Dong (James).
- Note bears no interest and matures upon closing of a business combination.
- Holder may convert the note into units at $10.00 per unit, same as IPO units.
- Proceeds provide working capital; note is a direct financial obligation of the company.