M I Acquisitions, Inc. (NASDAQ:MACQ) Files An 8-K Entry into a Material Definitive Agreement

M I Acquisitions, Inc. (NASDAQ:MACQ) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01. Entry Into a Material Definitive Agreement

On March 13, 2018, M I Acquisitions, Inc. (“M I”) issued promissory notes in the aggregate principal amount of $132,752.73 to its sponsors (M SPAC LLC, M SPAC Holdings I, LLC and M SPAC Holdings II, LLC). The $132,752.73 received by M I upon issuance of the notes was deposited into the M I trust account for the benefit of its public stockholders in order to extend the period of time M I has to complete a business combination for an additional one month, from March 19, 2018 to April 19, 2018. The notes do not bear interest and are payable five business days after the date M I completes a business combination. The following events constitute events of default under the notes:

1. Failure to make required payments;
2. The voluntary liquidation of M I; and
3. The involuntary bankruptcy of M I.

Item 9.01. Financial Statements and Exhibits


M I Acquisitions, Inc. Exhibit
EX-10.1 2 s109352_ex10-1.htm EXHIBIT 10.1   Exhibit 10.1   THIS NOTE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933,…
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