Healthcare AI Acquisition Corp. (HAIAF) asks shareholders to approve a month-to-month extension of its business-combination deadline from October 14, 2026, to October 14, 2027, with deposits of $0.10 per non-redeemed Public Share per month into the Trust Account. If approved, sponsor Atticus Ale LLC has indicated it will provide each monthly amount as an interest-free loan, repayable upon a business combination. The extension would allow more time for a proposed combination with Leading Group Limited; shareholders are not voting on that combination at this meeting.
As of September 29, 2026, the Trust Account held approximately $1,842,381.93, and the estimated redemption price was approximately $14.26 per Public Share. The virtual meeting is scheduled for October 13, 2026; approval requires a special resolution supported by at least two-thirds of holders voting in person or by proxy. If the proposal fails, HAIA says it will stop operations and redeem 100% of Public Shares as promptly as reasonably possible, but no more than 10 business days later, subject to available funds and applicable law. HAIA securities were suspended from Nasdaq on December 17, 2024, and currently trade OTC.
Healthcare AI Acquisition Corp. entered into new and amended debt arrangements to fund its operations while it pursues a business combination. On May 6, 2026, the company issued a new unsecured promissory note to Leading Group Limited for $196,919.23, intended for extension payments and general working capital. The note bears no interest and must be repaid in cash upon the earlier of completing a business combination, termination of the merger agreement, liquidation of the company, or October 14, 2026.
On the same date, the company amended two existing unsecured promissory notes with principal balances of $30,502.20 and $711,619.15, extending their maturity so that each now becomes payable on the same set of triggers, including the new October 14, 2026 outside date. All other terms of the amended notes remain unchanged, and the notes include customary default provisions under New York law.