Churchill Capital in a filing said it had issued an unsecured promissory note of up to $1.5 million to Churchill Sponsor II. The note bears no interest and is repayable in full upon consummation of the company’s initial business combination. The sponsor has the option to convert any unpaid balance of the note into warrants to purchase one share of common stock. Read more.
Churchill Sponsor II Provides $1.5M to Churchill Capital
