Aimei Health (NASDAQ: AFJKU) extends deadline to Oct 6 2025 via $150k note
Rhea-AI Filing Summary
Aimei Health Technology Co., Ltd deposited $150,000 into its trust account to extend the deadline to complete its initial business combination by one month, moving the termination date from September 6, 2025 to October 6, 2025. This is the tenth of up to 12 one‑month extensions allowed under its current Articles of Association.
To fund this extension, the company issued a $150,000 unsecured promissory note on September 5, 2025 to its sponsor, Aimei Health Ltd, and United Hydrogen Group Inc., with each contributing $75,000. The note bears no interest and becomes due when the company completes a business combination with United Hydrogen. The payees may instead 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 before the business combination closes.
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FAQ
What did Aimei Health Technology Co., Ltd (AFJKU) disclose in this 8-K?
Aimei Health Technology Co., Ltd disclosed that it extended the deadline to complete its initial business combination by one month to October 6, 2025 by depositing $150,000 into its trust account. It also described a related unsecured promissory note issued to its sponsor and United Hydrogen Group Inc. to fund this payment.
How is the SPAC extension for Aimei Health (AFJKU) being funded?
The one‑month extension is funded through a $150,000 unsecured promissory note issued on September 5, 2025 to Aimei Health Ltd and United Hydrogen Group Inc., with each payee contributing $75,000 to cover the extension payment into the trust account.
When does Aimei Health’s current SPAC termination date expire after this extension?
After this extension, the termination date for Aimei Health Technology Co., Ltd to consummate its initial business combination is October 6, 2025, extended from September 6, 2025.
What are the key terms of the $150,000 promissory note described by Aimei Health?
The $150,000 promissory note is unsecured, bears no interest, and its principal becomes due and payable when Aimei Health consummates a business combination with United Hydrogen Group Inc. The amount is split equally between the sponsor and United Hydrogen, at $75,000 each.
Can the Aimei Health promissory note be converted into equity, and if so, how?
Yes. The payees have the right, but not the obligation, to convert the promissory note, in whole or in part, into private units at a price of $10.00 per unit. Each unit consists of one ordinary share and one right to receive one‑fifth of one ordinary share, and conversion would occur immediately prior to the closing of the business combination, with written notice at least two business days before closing.
How many SPAC deadline extensions has Aimei Health used so far?
The company states this one‑month extension is the tenth of up to 12 extensions permitted under its current Amended and Restated Articles of Association.