Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an


           Off-Balance Sheet Arrangement of a Registrant.

On March 23, 2022, Ridgefield Acquisition Corp. (the "Company") entered in a Revolving Promissory Note, dated as of March 23, 2022 (the "Promissory Note"), in the principal amount of up to $200,000.00 made payable to Steven N. Bronson, the Company's Chairman of the Board, President and Chief Executive Officer, pursuant to which Mr. Bronson may make loans to the Company from time to time. The Promissory Note has a maturity date of March 23, 2027, and provides for interest to accrue on the unpaid principal at a rate of eight percent (8%) per annum (calculated on the basis of a 360-day year), compounded quarterly and payable quarterly on the last business day of the calendar quarter. The Promissory Note may be prepaid by the Company at any time without penalty.

The Company borrowed an initial amount of $20,000 under the Promissory Note on March 23, 2022.





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