Black Spade Acquisition III Secures Up to $200,000 Interest-Free Loan From Black Spade Sponsor III
Bitget2026/11/02 13:41- Black Spade Acquisition III issued Black Spade Sponsor LLC III an unsecured promissory note for up to $200,000.
- Issued October 30, 2026, the interest-free note funds costs and expenses related to the proposed business combination.
- Full repayment is due March 31, 2027, or upon completion of the business combination, whichever comes first.
- Funds may be drawn before maturity; principal may be prepaid at any time without penalty.
- Payment delays beyond five business days past maturity or commencement of voluntary or involuntary bankruptcy proceedings constitute defaults, potentially triggering acceleration.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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