Investor gets 0% unsecured promissory note, which converts to warrants
By Devika Patel
Knoxville, Tenn., Nov. 26 - Trio Merger Corp. completed a $100,000 loan agreement with its chairman and chief executive officer Eric S. Rosenfeld on Nov. 21, according to an 8-K filed Monday with the Securities and Exchange Commission.
The 0% loan is represented by an unsecured promissory note, which will be due when the company completes a merger, share exchange, asset acquisition or other similar business combination. The note will convert into warrants sold in the company's initial public offering.
The blank check company is based in New York.
| Issuer: | Trio Merger Corp.
|
| Issue: | Loan
|
| Amount: | $100,000
|
| Coupon: | 0%
|
| Warrants: | Upon conversion
|
| Investor: | Eric S. Rosenfeld
|
| Settlement date: | Nov. 21
|
| Stock symbol: | Nasdaq: TRIO
|
| Stock price: | $9.89 at close Nov. 20
|
| Market capitalization: | $77.55 million
|
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