Forbion European Acquisition in an 8-K said it issued an unsecured promissory note for $900,000 to its sponsor, which today funded half the amount. The funds will be used for working capital.
The SPAC raised $126.5 million in a December 2021 ipo. Forbion is focused on life sciences companies in Europe. Read more.
Source: Forbion European Acquisition Borrows up to 0K from Sponsor to Keep Working