15/11/2024 | Press release | Distributed by Public on 15/11/2024 21:06
Item 1.01 Entry into a Material Definitive Agreement.
On November 12, 2024, we issued an unsecured promissory note to G-Star Management Corporation (the "Sponsor"), pursuant to which we may borrow up to an aggregate principal amount of $1,000,000 (the "Third Promissory Note"). The Third Promissory Note is non-interest-bearing, and the principal under the Third Promissory Note is payable on the date on which we consummate an initial business combination. The Third Promissory Note has no conversion feature, and no collateral. The Sponsor waives any and all right, title, interest or claim of any kind in or to any distribution of or from the trust account, and agrees not to seek resources, reimbursement, payment or satisfaction for any claim against the trust account for any reason whatsoever.