Catcha Investment in an 8=K filing today said it issued a convertible promissory note to borrow up to $1.5 million from its sponsor for working capital. Any portion of the loan can be converted into warrants at $1.50 each at the sponsor’s discretion.
Catcha raised $275 million in a Februrary 2021 IPO to target companies with operations or prospective operations in the technology, digital media, financial technology, or digital services sectors across Asia Pacific, in particular Southeast Asia and Australia. Read more.
