Artius II Acquisition entered into a convertible, unsecured working capital promissory note for up to $1,000,000 with its sponsor to bolster liquidity. The note bears no interest and is payable upon the company’s initial business combination, liquidation, or an event of default. At the sponsor’s election, the unpaid principal can convert into Class A ordinary shares at a price based on $10.00 per share, multiplied by 1.1 and rounded up. The financing is expected to support near-term operating needs while preserving flexibility around a potential business combination.
Agreement details:
- Agreement type: Convertible unsecured working capital promissory note (up to $1,000,000, no interest)
- Counterparty: Artius II Acquisition Partners
- Signed / Effective: Mar 06 2026 / same
- Duration / Termination: Until initial business combination or liquidation
- Reason: Provide additional working capital
Original SEC Filing:
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