Aurora Technology Acquisition Corp. announced a private placement to issued unsecured promissory note for the gross proceeds of $810,000 on July 31, 2023. The transaction included participation from returning lender, ATAC Sponsor LLC. The note have a principal amount of $810,000. The note does not bear interest and is repayable in full upon the earlier of the date of the consummation of the company?s initial business combination, or the date of the company?s liquidation. The principal and balance may be prepaid at any time prior to the maturity date without penalty upon written notice by the maker to the payee. The note was issued pursuant to an exemption from registration contained in Section 4(a)(2) of the Securities Act of 1933, as amended.

As o the same day, the company has received $135,000 in it's first tranche for the purpose of extending the combination period from August 9, 2023 to September 9, 2023.