Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an
Off-Balance Sheet Arrangement of a Registrant.
On May 9, 2022, AGBA Acquisition Limited (the "Company" or "AGBA") issued an
unsecured promissory note in the aggregate principal amount of $504,430.65 (the
"Note") to AGBA Holding Limited, the Company's initial public offering sponsor
("Sponsor") in exchange for Sponsor 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 May 11, 2022. 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 May 11, 2022
104 Cover Page Interactive Data File (embedded within the Inline XBRL
document)
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