---
title: "Quetta Acquisition Eliminates $1.04 Million in KM Quad Notes via Release and Discharge"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/285702912.md"
description: "Quetta Acquisition has executed a Release and Discharge with KM Quad, canceling three promissory notes totaling $1.04 million. This mutual termination, effective April 30, 2026, eliminates all outstanding obligations related to notes dated November 4, 2024, February 14, 2025, and April 20, 2025. The action simplifies Quetta's capital structure by removing these liabilities from its balance sheet, confirming no further payments are due."
datetime: "2026-05-08T10:03:01.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/285702912.md)
  - [en](https://longbridge.com/en/news/285702912.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/285702912.md)
generator: "portal-rs"
---

# Quetta Acquisition Eliminates $1.04 Million in KM Quad Notes via Release and Discharge

Quetta Acquisition executed a Release and Discharge with KM Quad on Apr 30 2026, canceling three promissory notes totaling $1,040,000. The mutual termination covers notes dated Nov 4 2024, Feb 14 2025, and Apr 20 2025, and confirms no principal, interest, fees, or other amounts remain payable. The action, tied to a prior termination agreement between the parties, removes the related obligations from Quetta's balance sheet and simplifies its capital structure.

**Agreement 1: Quetta Acquisition Cancels $500,000 Promissory Note to KM Quad Under Release**

-   **Agreement terminated**: Promissory note
-   **Counterparty**: KM Quad
-   **Original agreement date**: Nov 04 2024
-   **Termination date**: Apr 30 2026
-   **Termination type**: mutual
-   **Exit fees / payments**: None
-   **Reason**: Release and Discharge eliminated all outstanding obligations

**Agreement 2: Quetta Acquisition Cancels $250,000 Promissory Note to KM Quad Under Release**

-   **Agreement terminated**: Promissory note
-   **Counterparty**: KM Quad
-   **Original agreement date**: Feb 14 2025
-   **Termination date**: Apr 30 2026
-   **Termination type**: mutual
-   **Exit fees / payments**: None
-   **Reason**: Release and Discharge eliminated all outstanding obligations

**Agreement 3: Quetta Acquisition Cancels $290,000 Promissory Note to KM Quad Under Release**

-   **Agreement terminated**: Promissory note
-   **Counterparty**: KM Quad
-   **Original agreement date**: Apr 20 2025
-   **Termination date**: Apr 30 2026
-   **Termination type**: mutual
-   **Exit fees / payments**: None
-   **Reason**: Release and Discharge eliminated all outstanding obligations

Original SEC Filing: Quetta Acquisition Corp \[ QETA \] - 8-K - May. 07, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**