secwatch.observer — SEC 8-K summary
======================================

Issuer:     TMT Acquisition Corp. (—)
CIK:        0001879851
Form:       8-K
Filed at:   2024-03-15T23:59:59+00:00
Accession:  0001493152-24-010117
Event type: debt
Sentiment:  neutral
Materiality: 0.40
Item codes: 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

TMT Acquisition Corp issues $200K convertible note to Elong Power, convertible at $10/unit for deal costs
--------------------------------------------------------------------------------

- Issued $200,000 convertible promissory note to Elong Power Holding Limited to finance transaction costs related to business combination.
- Note bears no interest; principal due upon consummation of business combination; convertible at $10 per unit.
- Each TMT unit comprises one ordinary share and one right to receive two-tenths of a share.
- Elong deposited $200,000 into SPAC's working capital account on February 28, 2024.
- Note ranks behind trust account; if no business combination, repayable only from non-trust funds.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1879851/000149315224010117/0001493152-24-010117-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1879851/000149315224010117/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-010117

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer