AI Era Corp. (AERA): debt financing — CEO advances $1.5M non-interest loan to AB International Group for working capital

AI Era Corp.

CEO Chiyuan Deng loaned $1.5M to ABQQ; loan is non-interest bearing, unsecured, and inconvertible.
Funds received September 20, 2023; purpose: working capital and pursuing business objectives.
Loan has no repayment schedule per press release, but filing states due on demand.
Provides liquidity for IP and movie investment firm without interest or dilution.

item 2.03 item 8.01 item 9.01

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

AI Era Corp. incurred loan of $1.5 million with Chiyuan Deng at non-interest bearing maturing due upon demand.

Instrument: loan
Principal: $1.5 million
Counterparty: Chiyuan Deng
Rate: non-interest bearing
Maturity: due upon demand
Event: incurrence

Exact text from the filing

On September 25, 2023, our sole officer and director, Mr. Chiyuan Deng, advanced $1.5 million to us for working capital purposes and to assist our company pursue its business objectives. The advance is non-interest bearing and due upon demand.

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AI Era Corp. filing history →

Source: SEC EDGAR

accession 0001663577-23-000491

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