Spring Valley Acquisition Corp II Issues 15 Million Unsecured Promissory Note to Sponsor for Working Capital
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Spring Valley Acquisition Corp. II has issued a $1.5 million unsecured promissory note to its sponsor, allowing for funds to be drawn as needed before the maturity date, which coincides with the company's initial business combination. The note is interest-free and may be converted into working capital warrants upon completion of the business combination. The agreement includes standard default provisions and was issued under SEC registration exemptions.
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