Revasum, Inc. announced that it has entered into a security purchase agreement for the issuance of promissory note for gross proceeds of $750,000 on November 14, 2022. The transaction will include participation from new investor Firsthand Funds - Firsthand Technology Opportunities Fund, a fund managed by returning investor Firsthand Capital Management, Inc. The promissory note is unsecured and subordinated to the company. The notes will bear interest rate of 8.75% per annum.