Wintergreen extends KIKA merger deadline to Sept. 30
Wintergreen Acquisition Corp. extends its business combination deadline to September 30, 2026, funded by a $184,635 sponsor promissory note convertible into units.
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Rhea-AI Filing Summary
Wintergreen Acquisition Corp. (WTG) entered into an unsecured promissory note with its sponsor, MACRO DREAM Holdings Limited, for a principal amount of $184,635 to fund an extension deposit into the company’s trust account. The note bears no interest and is due upon the earlier of completing the initial business combination or the company’s liquidation; if no business combination occurs, the note will be forgiven and the sponsor will have no right to payment. The sponsor has waived any claim on funds in the trust account related to this note and may elect to convert the outstanding principal into units at $10.00 per unit, with such units identical to the sponsor’s original private placement units. The board approved an extension of the Business Combination Deadline from August 30, 2026 to September 30, 2026, and the company states it is continuing to pursue its previously announced business combination with KIKA Technology Inc. under the November 17, 2025 merger agreement.
Filing Explained
Any units issuable to the sponsor if it converts the note may not, subject to limited exceptions, be transferred or sold before the initial business combination is completed, and the units have registration rights; the filing describes these mechanics but does not disclose an issuance.
Key Figures
Key Terms
Trust Account financial
Business Combination Deadline financial
unsecured promissory note financial
registration rights regulatory
Section 4(a)(2) of the Securities Act of 1933 regulatory
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What new financing did Wintergreen Acquisition Corp. (WTG) arrange with its sponsor?
When does Wintergreen Acquisition Corp.’s extended Business Combination Deadline now expire?
Under what conditions will Wintergreen Acquisition Corp.’s $184,635 promissory note be repaid or forgiven?
Can the sponsor of WTG convert the promissory note into equity, and on what terms?
Is Wintergreen Acquisition Corp. still pursuing its merger with KIKA Technology Inc.?
What restrictions apply to the WTG units issuable upon conversion of the note?
AI-generated analysis. How Rhea-AI works. Not financial advice.