debt
confidence high
sentiment neutral
materiality 0.50
TenX Keane extends SPAC deadline to July 18 with $66,667 Citius Pharma deposit
CITIUS ONCOLOGY, INC.
- Citius Pharma deposited $66,667 into TenX Keane trust account to extend business combination timeline from June 18 to July 18, 2024.
- TenX issued $66,667 unsecured promissory note to Citius Pharma, no interest, repayable upon business combination close.
- This is the third of up to seven allowed monthly extensions; prior deposits on April 26 and May 17, 2024.
- Extension supports pending Merger Agreement to acquire Citius Oncology; repayment condition tied to trust account balance ≥$2M.