AMCI Acquisition Corp. II announced that it has entered into an agreement for the issuance of unsecured convertible promissory note for gross proceeds of $1,500,000 on March 28, 2022. The transaction will include participation from returning investor AMCI Sponsor II LLC.

The note will be due and and payable in full on the earlier of August 6, 2023 and the effective date of a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination, involving the company and one or more businesses. The company will pay no interest on the note. The note is convertible into warrants to purchase shares of Class A common stock at a conversion price equal to $1.00 per warrant, with each warrant entitling the holder to purchase one share of Class A common stock at a price of $11.50 per share, subject to the same adjustments applicable to the private placement warrants.