Qomolangma Acquisition in an 8-K said it issued an unsecured promissory note to its sponsor for a $200,000 working capital loan. The note is not convertible, according to the filing.
The asia-focused SPAC raised $50 million in a September ipo to focus on businesses with an enterprise value between $300 million and $500 million. Read more.
Source: Qomolangma Acquisition Taps Sponsor for 0K Working Capital Loan