MALLARD ACQUISITION CORP. : Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant, Financial Statements and Exhibits (form 8-K)

Item 1.01 Entry into a Material Definitive Agreement

As previously disclosed in the Current Report on Form 8-K filed with the Securities and Exchange Commission (the "SEC") by Mallard Acquisition Corp. (the "Company"), on August 27, 2021, the Company issued a promissory note in the principal amount of up to $500,000 to the Company' sponsor Mallard Founders Holdings, LLC (the "Sponsor") (the "Original Promissory Note").

The Original Promissory Note was subsequently amended to remove the Sponsor's right to elect to convert all or a portion of the unpaid principal amount thereunder into warrants of the Company (the "First Amended and Restated Note").

On February 2, 2022, the Company amended and restated the First Amended and Restated Note in its entirety solely to increase the principal amount thereunder from $500,000 to $1,000,000 (the "Second Amended and Restated Note").

The foregoing description is qualified in its entirety by reference to the Second Amended and Restated Note, a copy of which is attached as Exhibit 10.1 hereto and is incorporated herein by reference.

Item 2.03. Creation of a Direct Financial Obligation or an Obligation Under an Off-balance Sheet Arrangement of a Registrant.

The disclosure contained in Item 1.01 of this Current Report on Form 8-K is incorporated by reference in this Item 2.03.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.



Exhibit
Number     Description
99.1         Second Amended and Restated Promissory Note of the Company, dated
           February 2, 2022.
104        Cover Page Interactive Data File (embedded within the Inline XBRL
           document)




                                       1

© Edgar Online, source Glimpses