Alpha Capital Acquisition in an 8-K filing said it issued a promissory note to its sponsor for $500,000 in working capital.
The SPAC has a merger agreement with Brazil-based data software platform Semantix. The deal is valued at $693 million.
Alpha Capital said last month that it has sufficient PIPE and non-redemption commitments to meet the minimum cash condition necessary to complete the deal, which is expected to close in the first half of 2022.
The transaction is funded with $324 million, including $230 million from the Alpha Capital trust as well as a $94 million PIPE. Read more.
