Taronis Fuels, Inc. announced that it has entered into a note purchase agreement for a private placement of convertible promissory notes for gross proceeds of $1,250,000 on September 2, 2021. The transaction included participation from an institutional investor. The notes, which carry a 1% annual interest rate and mature on September 2, 2028, are convertible into shares of the company’s common stock at $7 per share at the option of the holder. The securities are issued pursuant to the exemption from the registration requirements of the Securities Act of 1933,for transactions by an issuer not involving any public offering under Section 4(a)(2) of the Securities Act.