Oceanhawk Acquisition Corp. Form 8-K — Oct 6, 2026
Oceanhawk Acquisition Corp. issued a $1.55 million unsecured, non-interest-bearing promissory note to its sponsor, Oceanhawk Acquisition I Sponsor LLC, on September 30, 2026. The note is repayable in full upon consummation of the company's initial business combination, or from non-trust funds if no combination is completed. Unless the sponsor elects cash, the note automatically converts into private placement units at $10.00 per unit upon closing of a deal.
Key figures
- Debt Amount
- 1550000
- Interest Rate
- 0
- Maturity
- upon consummation of business combination
- Note type
- unsecured convertible promissory note
- Conversion price per unit
- $10.00
AI analysis
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