Aimei Health extends SPAC merger deadline to Oct 6
Aimei Health Technology Co., Ltd. (AFJK) extended the deadline to complete its initial business combination by one month, making a payment of $34,330.96 into its trust account to move the Termination Date from September 6, 2026 to October 6, 2026.
Rhea-AI Filing Summary
Aimei Health Technology Co., Ltd. (AFJK) extended the deadline to complete its initial business combination by one month, making a payment of $34,330.96 into its trust account to move the Termination Date from September 6, 2026 to October 6, 2026. This amount represents the lesser of $80,000 for all outstanding public shares and $0.033 per outstanding public share for the monthly extension and is the 22nd extension permitted under its Amended and Restated Articles of Association.
To fund the extension payment, the company issued an unsecured Promissory Note for $34,330.96 to Aimei Investment Ltd. The note bears no interest and becomes due upon consummation of the planned business combination with United Hydrogen. The payee may convert the note into private units at $10.00 per unit, each unit consisting of one ordinary share and one right to receive one-fifth of one ordinary share, immediately prior to closing by giving two business days’ written notice.
Positive
- None.
Negative
- None.
8-K Event Classification
2 items: 2.03, 9.01
2 items
Item 2.03
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement
Financial
The company incurred a new significant debt or off-balance-sheet obligation.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Key Figures
Extension Payment: $34,330.96
Per-share monthly extension amount: $0.033 per outstanding public share
Alternative extension cap: $80,000
+5 more
8 metrics
Extension Payment
$34,330.96
Amount deposited into the trust account for the one-month extension
Per-share monthly extension amount
$0.033 per outstanding public share
Used to determine the monthly extension payment
Alternative extension cap
$80,000
Maximum aggregate amount compared against per-share formula for the extension
Promissory Note principal
$34,330.96
Unsecured note issued to Aimei Investment Ltd to fund the extension
Conversion price per private unit
$10.00 per unit
Price at which the Promissory Note may be converted into private units
Extension sequence
22nd extension
Number of monthly extensions used under the company’s Articles of Association
Original Termination Date
September 6, 2026
Deadline before this one-month extension
New Termination Date
October 6, 2026
Revised deadline to consummate the initial business combination
Key Terms
trust account, Promissory Note, Termination Date, business combination, +1 more
5 terms
trust account financial
"has been deposited into the trust account of Aimei Health Technology Co., Ltd"
A trust account is a special bank or brokerage account where assets are held and managed by a designated person or firm (the trustee) for the benefit of another person or group (the beneficiary). It matters to investors because it separates assets from personal or corporate funds, can protect assets, control how and when money is used, and may affect tax or legal rights—think of it as a locked drawer opened only under agreed rules.
Promissory Note financial
"the Company issued, on September 3, 2026, an unsecured promissory note"
A promissory note is a written IOU in which one party promises to pay a specific sum, often with interest, to another party by a set date or on demand. Investors care because it functions like a loan: it creates a legal claim on future cash flows, carries credit and timing risk, and can affect valuation or liquidity—think of it as a formal, tradable promise to be repaid that can be assessed like any other debt investment.
Termination Date financial
"by one month from September 6, 2026 to October 6, 2026 (the “Termination Date”)"
Termination date is the specific calendar day when a contract, agreement, option or other legal arrangement stops being in effect and any remaining rights or obligations expire. For investors it matters because that date sets deadlines for exercising rights, receiving payments, closing positions or avoiding penalties—similar to the day a lease or warranty ends, after which parties no longer have the same protections or claims.
business combination financial
"the period of time it has to consummate its initial business combination"
A business combination happens when two or more companies join together to operate as one, like two friends merging their teams into a single group. This is important because it can change how companies grow, compete, and make money, often making them bigger and more powerful in the market.
private units financial
"convert the Promissory Note, in whole or in part, into private units of the Company"
FAQ
What did AFJK disclose about its latest SPAC extension on September 3, 2026?
Aimei Health Technology Co., Ltd. extended the deadline to complete its initial business combination by one month to October 6, 2026 by depositing $34,330.96 into its trust account, consistent with the extension terms in its governing documents.
How much did AFJK contribute to the trust account for this extension?
AFJK deposited $34,330.96 into its trust account. This amount equals the lesser of $80,000 for all outstanding public shares and $0.033 per outstanding public share for the one-month extension period.
What is the new Termination Date for AFJK’s initial business combination?
The Termination Date to complete AFJK’s initial business combination was extended from September 6, 2026 to October 6, 2026, marking the 22nd extension under its Amended and Restated Articles of Association.
What are the key terms of AFJK’s $34,330.96 Promissory Note?
AFJK issued an unsecured Promissory Note for $34,330.96 to Aimei Investment Ltd. It bears no interest and the principal is due upon completion of the business combination with United Hydrogen.
Can the AFJK promissory note be converted into equity and on what terms?
Yes. Aimei Investment Ltd may convert the Promissory Note, in whole or in part, into private units at $10.00 per unit, each unit including one ordinary share and a right to receive one-fifth of one ordinary share, by giving two business days’ written notice before closing.
Who is the counterparty to AFJK’s business combination referenced in this filing?
The filing states that the principal under the Promissory Note becomes due when AFJK consummates a business combination with United Hydrogen, which is the named counterparty to the planned business combination.
AI-generated analysis. How Rhea-AI works. Not financial advice.
