Americas Technology Acquisition Corp. announced that it has entered into a material definitive agreement for the private placement of one promissory note at a price of $500,000 for gross proceeds of $500,000 on August 25, 2022. The transaction will include participation from existing investor, ATAC Holdings, LLC.

The note bears no interest and is repayable in full upon the earlier of (a) the date of the consummation of the Company's initial business combination, or (b) the date of the liquidation of the company.