Charlton Aria Acquisition issues Sponsor unsecured working capital note for up to US$500,000 - CHAR News | RalliesCharlton Aria Acquisition issues Sponsor unsecured working capital note for up to US$500,000
C
CHAR• Sponsor unsecured working capital note issued
- Charlton Aria Acquisition issued an unsecured Working Capital Note to sponsor ST Sponsor II Limited on Aug. 25, 2026.
- The note allows working capital loans of up to US$500,000.
- The instrument carries no interest, except default interest at the prevailing short-term U.S. Treasury Bill rate on overdue amounts.
- Repayment is due at the earlier of the initial business combination closing or liquidation.
- The sponsor can convert amounts into private units at US$10 per unit, subject to a US$3 million aggregate conversion cap.
