TMT Acquisition Corp.: debt financing — TMT Acquisition Corp extends business combination deadline to June 30, 2024 via $600K trust deposits

TMT Acquisition Corp.

Sponsor limited partner Xiaozhen Li deposited $300K into trust; Elong Power Holding deposited $300K on April 1.
Extension pushes deadline from March 30 to June 30, 2024 for initial business combination.
Unsecured promissory note issued to Elong for $300K, bearing no interest, repayable upon business combination.
Li's $300K note (March 19) and Elong's note are convertible into units at $10 per unit upon combination.

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

TMT Acquisition Corp. incurred loan of $300,000 with Ms. Xiaozhen Li at no interest maturing upon consummation of the business combination.

Instrument: loan
Principal: $300,000
Counterparty: Ms. Xiaozhen Li
Rate: no interest
Maturity: upon consummation of the business combination
Event: incurrence

Exact text from the filing

the Company issued an unsecured promissory note to Ms. Li with a principal amount of $300,000 (the "Sponsor Note")

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Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

TMT Acquisition Corp. incurred loan of $300,000 with Elong Power Holding Limited at no interest maturing upon consummation of the business combination.

Instrument: loan
Principal: $300,000
Counterparty: Elong Power Holding Limited
Rate: no interest
Maturity: upon consummation of the business combination
Event: incurrence

Exact text from the filing

Such deposit of the Elong Extension Fee is evidenced by an unsecured promissory note (the "Elong Note") in the principal amount of $300,000 to Elong

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Source: SEC EDGAR

accession 0001493152-24-013209

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