Currenc Group Inc. (CURR): debt financing — INFINT Acquisition issues up to $500K promissory note to Seamless Group Inc.

Currenc Group Inc.

Unsecured promissory note for up to $500,000 issued to Seamless Group Inc. on March 6, 2024.
Note carries no interest; principal due at consummation of initial business combination.
Drawdowns available until maturity upon company request; customary events of default apply.
Issuance exempt from registration under Section 4(a)(2) of the Securities Act.
Note supports working capital ahead of previously announced business combination agreement.

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 $500,000 with Seamless Group Inc. maturing on the date on which the Company consummates its initial business combination.

Instrument: loan
Principal: up to $500,000
Counterparty: Seamless Group Inc.
Maturity: on the date on which the Company consummates its initial business combination
Event: incurrence

Exact text from the filing

issued an unsecured promissory note (the “Note”) in the principal amount of up to $500,000 to Seamless Group Inc., a Cayman Islands exempted company (“Seamless”), which may be drawn down from time to time prior to the Maturity Date (as defined below) upon request by the Company.

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Source: SEC EDGAR

accession 0001493152-24-010103

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