Jaws Mustang Acquisition Corporation announced a private placement of promissory notes for principal amount of up to $500,000 on March 13, 2024. The transaction included participation from new lender, Mustang Sponsor LLC. The Note does not bear interest and matures upon consummation of the company?s initial business combination.

The initial principal balance of this note of $125,000, funded within two business days of the date.