Sponsor funds Aimei Health (NASDAQ: AFJK) one-month SPAC extension
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Aimei Health Technology Co., Ltd extended the deadline to complete its initial business combination by one month, moving the termination date from May 6, 2026 to June 6, 2026. To fund this extension, the company deposited an Extension Payment of $34,330.96 into its trust account for public shareholders.
In connection with this move, Aimei Health issued a zero‑interest Promissory Note for $34,330.96 to its sponsor, Aimei Health Ltd, and United Hydrogen Group Inc., with each contributing $17,165.48. The note is due upon completion of the business combination with United Hydrogen and can be converted into private units at $10.00 per unit immediately before closing.
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, and exhibit attachments filed with this report.
Key Figures
Extension Payment: $34,330.96
Per-share extension rate: $0.033 per public share
Maximum monthly extension cap: $80,000
+5 more
8 metrics
Extension Payment
$34,330.96
Deposited into trust account for one-month extension
Per-share extension rate
$0.033 per public share
Monthly extension cost per outstanding public share
Maximum monthly extension cap
$80,000
Cap for all outstanding public shares per month
Sponsor contribution
$17,165.48
Amount contributed by Aimei Health Ltd to Extension Payment
United Hydrogen contribution
$17,165.48
Amount contributed by United Hydrogen Group Inc.
Unit conversion price
$10.00 per unit
Price to convert Promissory Note into private units
Extension sequence
Eighteenth extension
Number of extensions under Articles of Association
Extended termination date
June 6, 2026
New deadline to complete initial business combination
Key Terms
Extension Payment, trust account, Promissory Note, business combination, +2 more
6 terms
Extension Payment financial
"An aggregate of $34,330.96 (the “Extension Payment”) has been deposited"
trust account financial
"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 May 6, 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.
business combination financial
"to consummate its initial business combination by one month"
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"
Amended and Restated Articles of Association regulatory
"The Extension is the eighteenth extension permitted under the Amended and Restated Articles of Association"
FAQ
What did Aimei Health Technology (AFJK) announce in this 8-K filing?
Aimei Health Technology extended its business combination deadline by one month, from May 6, 2026 to June 6, 2026, by depositing $34,330.96 into its trust account and issuing a corresponding zero‑interest promissory note to its sponsor and United Hydrogen Group Inc.
How much did Aimei Health (AFJK) deposit for the SPAC extension?
Aimei Health deposited $34,330.96 as an Extension Payment into its trust account. This amount represents the lesser of $80,000 for all public shares or $0.033 per outstanding public share for the one‑month extension to June 6, 2026.
Who funded the Aimei Health (AFJK) SPAC extension payment?
The Extension Payment was funded equally by Aimei Health Ltd, the sponsor, and United Hydrogen Group Inc. Each party contributed $17,165.48, and Aimei Health issued a single zero‑interest promissory note for $34,330.96 in their favor, tied to the planned business combination.
What are the key terms of Aimei Health’s $34,330.96 Promissory Note?
The Promissory Note for $34,330.96 bears no interest and becomes payable when Aimei Health completes its business combination with United Hydrogen. The payees may convert it into private units at $10.00 per unit immediately before closing, each unit including one share and one‑fifth share right.
How many times has Aimei Health extended its SPAC deadline?
The company stated this one‑month extension to June 6, 2026 is its eighteenth extension under its Amended and Restated Articles of Association. Each extension is funded through payments into the trust account for the benefit of public shareholders.
What securities can the Aimei Health promissory note convert into?
The promissory note can be converted into private units of Aimei Health at $10.00 per unit. Each private unit consists of one ordinary share and one right to receive one‑fifth of one additional ordinary share immediately prior to consummating the business combination.