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 May 15, 2018, M I 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 May 19, 2018 to June 19, 2018. The note does not bear interest and is payable five business days after the date M I completes a business combination. The following events constitute events of default under the note:
| 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
| 10.1 | Promissory Note issued to Priority dated May 15, 2018 |
| 99.1 | Press Release dated May 17, 2018 |
M I Acquisitions, Inc. ExhibitEX-10.1 2 s110281_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
