| Officer | Age | In this role | Joined | Pay | Source |
|---|---|---|---|---|---|
|
Michael Minnick
Chief Executive Officer
|
59 |
Since 2023
3 years
|
Not stated | Not reported |
Each officer opens the passage of the filing that names them. A title that changed since the list comes from the officer's latest Form 3, 4 or 5, and its start year is not stated there. "Not stated" means the filing does not say. Pay is the proxy's Summary Compensation Table, which reports only the named executive officers.
Each director opens the passage of the proxy that names them. "Not stated" means the proxy does not say; it never means "no". Pay is the proxy's Director Compensation table; the CEO is paid as an executive.
Working capital loans payable to the Sponsor outstanding as of December 31, 2025
Amended and restated promissory note of $1,000,000 owed to Mr. Chera, effective February 11, 2026
Sponsor agreed to transfer 2,500 Class B Ordinary Shares per month to an unaffiliated third party in consideration for Mr. Chera's extension of his promissory note
Sponsor entered non-redemption agreements requiring transfer of 2,194,987 Class B Ordinary Shares, including 450,000 to the Anchor Investor
Convertible promissory notes issued by MKAR to entities affiliated with the Sponsors, with 12% interest, in aggregate initial principal of $750,000
BCA Note convertible note; received $7,500 cash and $22,500 added to principal, resulting in outstanding principal of $522,500
F-4 Note Investor issued a $250,000 convertible promissory note
Registration Rights and Lock-Up Agreement providing registration rights, including piggy-back rights, for MKAR shares held by these parties
June 2025 Letter Agreement with the BCA Note Investor including a put option buyout if the BCA Note is not timely repaid
Sponsor agreed to transfer 250,000 Class B Ordinary Shares to the BCA Note Investor if there is an MKAR Closing
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