Financial Strategies Acquisition Corp. issued an unsecured convertible promissory note for gross proceeds of $600,000 on December 9, 2022. The transaction included participation from Temmelig Investor LLC, an affiliate of the co-sponsors.

The promissory note bears no interest and is convertible at the option of the lender upon the consummation of an initial business combination into private units of the company, each private unit consisting of one share of the company's class A common stock, one warrant to purchase one share class A common stock and one right to receive one-tenth of one share of class A common stock upon the consummation of an initial business combination, at a conversion price of $10.00 per private unit.