ALSP Orchid Acquisition Corporation I has announced it has issued an unsecured promissory note for gross proceeds of $350,000 on August 11, 2023. The transaction included participation from returning investor, ALSP Orchid Sponsor LLC. The Note bears interest at a rate of 4.74% per annum, computed on the basis of a 365-day year, compounded semi-annually.

No fees, payments or other amounts shall be due to Payee in connection with, or as a result of, the execution of this Note.