M I Acquisitions, Inc. (NASDAQ:MACQ) Files An 8-K Entry into a Material Definitive AgreementItem 1.01. Entry Into a Material Definitive Agreement
On April 12, 2018, M I Acquisitions issued a promissory note in the aggregate principal amount of $132,752.73 to Priority. The $132,752.73 received by M I upon issuance of the note 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 period, from April 19, 2018 to May 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. ExhibitEX-10.1 2 s109677_ex10-1.htm EXHIBIT 10.1 Exhibit 10.1 THIS NOTE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933,…To view the full exhibit click here
