debt
confidence high
sentiment neutral
materiality 0.50
TenX Keane Acquisition extends business combination deadline to August 18, 2024 via $66,667 note from Citius Pharma
CITIUS ONCOLOGY, INC.
- Citius Pharma deposited $66,667 into trust to extend deadline from July 18 to August 18, 2024; fourth monthly extension.
- Prior extensions occurred on April 26, May 17, and June 17, 2024; Company can extend up to November 18, 2024.
- Promissory note is unsecured, bears no interest, and is repayable only upon closing if trust balance >= $2M.
- Extension funded under Merger Agreement; Note is evidenced by Exhibit 10.4 to this 8-K.