Gardiner Healthcare Acquisitions Bumps Sponsor Loan up to $2.5M

Gardiner Healthcare Acquisitions in an 8-K said it issued a fourth amended promissory note of up to $2.5 million to its sponsor. The new note replaces the third amended note dated last December for up to $1.5 million.

The note will be due on the earlier of Dec. 27 (if stockholders approve a further adeadline extension) or the date on which the SPAC completes a business combination.

Gardiner raised $75 million in a December 2021 IPO to focus on the healthcare sector or healthcare related industries in North America and Europe. It has not yet announced a deal. Read more.

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