Bukit Jalil Global Acquisition 1 Ltd.: debt financing — Bukit Jalil Global Acquisition 1 deposits $100k to extend business combination deadline to March 30, 2025

Bukit Jalil Global Acquisition 1 Ltd.

$100,000 deposited into trust account by sponsor to extend deadline from Feb 28, 2025 to March 30, 2025 (ninth of twelve monthly extensions).
Issued $100,000 unsecured, non-interest-bearing promissory note to sponsor Bukit Jalil Global Investment Ltd.
Note convertible into private units at $10.00 per unit upon consummation of business combination; otherwise payable at maturity.
Company still seeking initial business combination; original deadline was June 30, 2024, now extendable to June 30, 2025.

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

Bukit Jalil Global Acquisition 1 Ltd. incurred loan of $100,000 with Bukit Jalil Global Investment Ltd., the sponsor at bears no interest maturing upon the earlier to occur of (i) the consummation of the Company's business combination or (ii) the date of expiry of the term of the Company.

Instrument: loan
Principal: $100,000
Counterparty: Bukit Jalil Global Investment Ltd., the sponsor
Rate: bears no interest
Maturity: upon the earlier to occur of (i) the consummation of the Company's business combination or (ii) the date of expiry of the term of the Company
Event: incurrence

Exact text from the filing

In connection with the Monthly Extension Payment, on February 26, 2025, the Company issued an unsecured promissory note of $100,000 (the “ Note ”) to the Sponsor.

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Source: SEC EDGAR

accession 0001929980-25-000084

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