Healthcare AI Acquisition Corp. Extends Debt to Oct 2026 with $196,919 Note

Healthcare AI Acquisition Corp. is a Cayman Islands‑based SPAC listed on the OTC under ticker HAIAF (units HAIUF, warrants HAIWF). As of May 5, 2026 the stock closed at $9.84, down 0.3% day‑over‑day, giving a market cap of about $98 million. The company seeks to merge with a private healthcare‑AI target.

On May 6, 2026 the firm issued an unsecured promissory note for $196,919.23 to Leading Group Limited. The note carries no interest and is repayable upon the earliest of a business combination, merger termination, liquidation, or Oct 14, 2026.

Simultaneously, the company amended two earlier notes from May and August 2025 (total $742,121.35) to push their maturity to the same Oct 14, 2026 trigger. All notes remain unsecured and governed by New York law.

The extensions give the SPAC additional runway to complete a deal without immediate debt pressure, while the interest‑free nature limits financing cost. However, the notes become due immediately if a combination fails, potentially forcing a liquidation or refinancing.

Next, watch for the merger proxy filing and the Oct 14, 2026 deadline, which will determine whether the notes convert into equity or are repaid in cash.