Charlton Aria Acquisition Corp (CHAR) Form 8-K — Aug 27, 2026
On August 25, 2026, Charlton Aria Acquisition Corporation issued an unsecured promissory note to its sponsor, ST Sponsor II Limited, allowing the sponsor to advance working capital loans of up to US$500,000 to the pre-deal SPAC. The Working Capital Note bears no interest, with overdue amounts accruing default interest at the prevailing short-term U.S. Treasury Bill rate, and is payable on the earlier of the company's initial business combination closing or its liquidation. The sponsor may convert outstanding amounts into private units at $10.00 per unit.
Key figures
- Debt Amount
- 500000
- Interest Rate
- 0
- Maturity Date
- Earlier of the consummation of the Company's initial business combination and the Company's liquidation
- Note Type
- unsecured working capital promissory note
- Exemption
- Section 4(a)(2) of the Securities Act
- Default Interest Rate
- prevailing short-term U.S. Treasury Bill rate on overdue amounts
- Conversion Price Per Unit
- 10
- Max Aggregate Convertible Notes Usd
- 3000000
Price after filing
Close on the filing date to close N calendar days later (from $10.94). Historical, not a forecast.
AI analysis
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