Yotta Acquisition Corp: debt financing — Yotta Acquisition extends business combination deadline to Sep 22, 2023 via $120K trust deposit

Yotta Acquisition Corp

Issued $200K promissory note to sponsor Yotta Investment LLC; deposited $120K into trust to extend deadline.
Extended business combination period from Aug 22 to Sep 22, 2023 by depositing $120K into trust account.
Note is unsecured, non-interest bearing, matures upon closing of a business combination.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.95

Yotta Acquisition Corp incurred loan of $200,000 with Yotta Investment LLC maturing upon the closing of a business combination by the Company.

Instrument: loan
Principal: $200,000
Counterparty: Yotta Investment LLC
Maturity: upon the closing of a business combination by the Company
Event: incurrence

Exact text from the filing

On August 18, 2023, Yotta Acquisition Corporation (the “Company”) issued an unsecured promissory note in the aggregate principal amount of $200,000 (the “Note”) to Yotta Investment LLC, the Company’s initial public offering sponsor (“Sponsor”).

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Source: SEC EDGAR

accession 0001829126-23-005619

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