Build Acquisition Taps Sponsor for Loan up to $1.5M

Build Acquisition

Build Acquisition in a regulatory filing today said it has borrowed $500,000 from its sponsor against a maximum draw-down of $1.5 million. The funding is for working capital as the SPAC seeks to secure a merger agreement.

Build Acquisition raised $200 million in a March 2021 IPO, saying at the time it would target SaaS, infrastructure software and services, and fintech companies. Read more.

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