Currenc Group Inc. (CURR): debt financing — INFINT Acquisition Corp. issues $150K promissory note to sponsor for working capital

Currenc Group Inc.

Up to $150,000 unsecured promissory note issued to sponsor InFinT Capital LLC.
Note bears no interest, principal due upon consummation of initial business combination.
Sponsor may convert outstanding principal into working capital warrants at $1.00 per warrant.
Warrants have same terms as private placement warrants issued in IPO.

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

Currenc Group Inc. incurred loan of up to $150,000 with InFinT Capital LLC at does not bear interest maturing the date on which the Company consummates its initial business combination.

Instrument: loan
Principal: up to $150,000
Counterparty: InFinT Capital LLC
Rate: does not bear interest
Maturity: the date on which the Company consummates its initial business combination
Event: incurrence

Exact text from the filing

On May 1, 2023, INFINT Acquisition Corporation (the "Company") issued an unsecured promissory note (the "Note") in the principal amount of up to $150,000 to InFinT Capital LLC (the "Sponsor"), the Company’s sponsor, which may be drawn down from time to time prior to the Maturity Date (defined below) upon request by the Company.

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Currenc Group Inc. filing history →

Source: SEC EDGAR

accession 0001493152-23-015406

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