Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an
Off-Balance Sheet Arrangement of a Registrant.
On January 21, 2020, Tottenham Acquisition I Limited (the "Company") issued an
unsecured promissory note in the aggregate principal amount of $460,000 (the
"Note") to Norwich Investment Limited, the Company's initial public offering
sponsor ("Norwich") in exchange for Norwich depositing such amount into the
Company's trust account in order to extend the amount of time it has available
to complete a business combination. The Note does not bear interest and mature
upon closing of a business combination by the Company. In addition, the Note may
be converted by the holder into units of the Company identical to the units
issued in the Company's initial public offering at a price of $10.00 per unit.
Item 8.01. Other Events.
The Company issued the release filed herewith on January 23, 2020. The materials
attached as Exhibit 99.1 are incorporated by reference herein.
Item 9.01. Financial Statements and Exhibits.
Exhibit No. Description
99.1 Press Release dated January 23, 2020
2
© Edgar Online, source Glimpses