Aurora Technology Acquisition Corp. announced that it has entered into a definitive agreement for a private placement to issued unsecured promissory note for the gross proceeds of $100,000 on May 2, 2023. The transaction included participation from returning lender, ATAC Sponsor LLC.

The note have a principal amount of $100,000. The note does not bear interest and matures upon the earlier of two days following the date on which the company's initial business combination is consummated and the date of the liquidation of the company. The principal balance of this note shall be due and payable by the maker upon the closing of a repayment or conversion trigger event.

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.