Catcha Investment Corp announced a private placement of convertible promissory note for gross proceeds of $1,500,000 on December 13, 2022. The notes are unsecured and will not bear any interest. The transaction will include participation from Catcha Holdings Llc.

The loan will be converted into warrants to purchase Class A ordinary shares of the company, par value $0.0001 per share, at a conversion price equal to $1.50 per warrant, with each warrant entitling the holder to purchase one Class A ordinary share of the company at a price of $11.50 per share.