Marblegate Acquisition in a regulatory filing said it issued a convertible promissory note to its sponsor for up to $600,000. Funding may be drawn down as necessary for woking capital.
Any principal on the note can be converted into Class A shares at $10 each.
Marblegate raised $300 million in an IPO last October. The SPAC intends to concentrate its efforts on identifying high quality businesses that have recently undergone a restructuring. Read more.
