Atlast Crest II in an 8-K filing said it has issued a promissory note for $750,000 to its sponsor. The funds would be used for working capital and in furtherance of a business combination. Any portion of the unpaid note may be converted into warrants at the sponsor’s discretion.
Atlas Crest II raised $300 million in February 2020 to focus on the acquisition of a company in high growth sectors including media, fintech/payments, software and technology enabled services, online gaming/sports betting, healthcare and disruptive consumer. Read more.
