Monitor for completion of the business combination with United Hydrogen, as the note's conversion rights could impact capital structure. The repeated extensions suggest difficulty in closing a deal, which may concern investors if prolonged.
Price Chart
Executive Summary
Aimei Health Technology Co., Ltd. issued an unsecured promissory note for $34,330.96 to extend its deadline to complete a business combination by one month, from March 6, 2026, to April 6, 2026. The note was funded equally by its sponsor and United Hydrogen Group Inc., carries no interest, and is convertible into private units at $10.00 per unit upon closing of the business combination.
Key Facts
- Company issued an unsecured promissory note for $34,330.96 to extend business combination deadline by one month
- Note was funded equally by Aimei Health Ltd (sponsor) and United Hydrogen Group Inc. ($17,165.48 each)
- No interest accrues on the note; principal becomes due upon consummation of a business combination with United Hydrogen
- Payees have the right to convert the note into private units at $10.00 per unit, each consisting of one ordinary share and one right to receive one-fifth of an ordinary share
- This is the sixteenth extension permitted under the company's Amended and Restated Articles of Association
Financial Impact
Added $34,330.96 in unsecured debt, which is relatively small compared to typical SPAC trust accounts
Risk Factors
- Continued delays in completing a business combination could erode investor confidence
- Potential dilution if the promissory note is converted into equity upon closing the business combination
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001493152-26-008853 |
| Exhibit: ex10-1.htm | 0001493152-26-008853 |
| Document: 0001493152-26-008853-index-headers.html | 0001493152-26-008853 |
| Document: 0001493152-26-008853-index.html | 0001493152-26-008853 |
| Document: 0001493152-26-008853.txt | 0001493152-26-008853 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 19, 2026 6d ago | DEF 14A | $12.10 $12.10 | · 0.00% | ▲ +0.53% | $12.06 (+0.31%) |
Oct 5, 2026 20d ago | 8-K | $12.35 $12.12 | ▼ −1.86% | ▼ −1.62% | $12.06 (−2.33%) |
Sep 3, 2026 7w ago | 8-K | $12.20 $12.20 | · 0.00% | ▲ +0.39% | $12.06 (−1.13%) |
Jun 29, 2026 16w ago | 8-K | $30.30 $26.41 | ▼ −12.84% | ▼ −12.70% | $12.06 (−60.19%) |
May 20, 2026 22w ago | Press Release | $40.50 $40.06 | ▲ +1.09% | ▲ +1.53% | $12.06 (+70.22%) |
Apr 21, 2026 26w ago | Press Release | $41.38 $46.01 | ▼ −11.19% | ▼ −10.17% | $12.06 (+70.85%) |
Mar 4, 2026 33w ago | 8-K | $30.74 $30.06 | ▼ −2.21% | ▼ −0.90% | $12.06 (−60.76%) |
US Market Status
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