Dragoneer Growth Opportunities Corp. II (NasdaqCM:DGNS) announced that it has completed a private placement of an unsecured promissory note for gross proceeds of $2,000,000 to Dragoneer Growth Opportunities Holdings II on January 19, 2021. The note was issued at par, does not bear interest and is repayable in full upon consummation of the company’s initial business combination. If the company does not complete a business combination, the note shall not be repaid and all amounts owed under it will be forgiven. Upon the consummation of a business combination, the investor shall have the option, but not the obligation, to convert the principal balance of the note, in whole or in part, to class A ordinary shares of the company, at a fixed conversion price of $10 per share. The note was issued pursuant to the exemption from registration contained in Section 4(a)(2) of the Securities Act of 1933, as amended.