Axiom Intelligence Acquisition Corp 1 Secures Up to $1 Million Promissory Note

Axiom Intelligence Acquisition Corp 1 said in a filing with the Securities and Exchange Commission that it has entered into a promissory note allowing it to draw up to $1,000,000 from Axiom Intelligence Holdings 1 LLC.

The note, dated July 27, 2026, was filed as an exhibit to the company's filing with the SEC. Axiom Intelligence Acquisition Corp 1, a Cayman Islands exempted company organized as a special purpose acquisition company, is listed as the maker of the note, with Axiom Intelligence Holdings 1 LLC as payee, the filing said.

No interest accrues on the unpaid principal balance, according to the note attached as an exhibit to the filing. The principal is due in cash on the earlier of the date the company completes its initial business combination or the date of its liquidation, the filing said.

Funds may be drawn down over time in increments of at least $10,000, subject to the payee's approval, and the payee must fund an approved request within five business days, according to the note. The filing states that once an amount is drawn, it is not available for future drawdown requests even if repaid, and that total drawdowns under the note cannot exceed $1,000,000.

The filing said no individual, including any officer, director, employee or shareholder of the company, is personally obligated for the company's liabilities under the note. Events of default include failure to pay the principal within five business days of the maturity date, or certain bankruptcy-related proceedings involving the company, according to the note.

According to the filing, the payee waived any claim to funds held in the trust account established in connection with the company's initial public offering and agreed not to seek recourse against that account. The note also gives the payee the option to convert some or all of the unpaid principal into units, each consisting of one Class A ordinary share and a right to one-tenth of a Class A ordinary share, at a conversion price of $10.00 per unit, the filing said.