Levere Holdings in a regulatory filing said it issued an unsecured promissory note for $960,000 to its sponsor, Goggo Network Gmbh. The note is non-interest bearing and due when the SPAC completes a merger.
Following a merger, the sponsor may opt to convert the balance of the loan into private placement warrants.
Levere raised $250 million in a March 2021 IPO with the goal of combining with a business within the mobility industry. Read more.
